1/41 Quarry Road, Watlington, Timaru

Nestled in a serene environment at 1/41 Quarry Road, Watlington, Timaru, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1971 with a mix of materials for the walls and iron for the roof, the property sits on a level contour and is maintained in good condition both inside and out. The 80sqm floor area is complemented by a private decking/patio area, offering the perfect blend of comfort and convenience. The property is on a cross-lease title, and the capital value has seen a rapid increase of 29.63% from $270,000 in 2020 to $350,000 as of 2023. The HouGarden AVM estimates the property's value at $347,500, while the latest sale records from 2002 and 1992 indicate a growing investment opportunity.

From a valuation perspective, the property's government-assigned capital value has been on an upward trend, reflecting its appeal and potential. The recent increase is a testament to the area's desirability, making it an attractive prospect for first-time buyers, downsizers, and investors. The property's location within a quiet cul-de-sac further enhances its value, ensuring privacy and tranquility.

For families with school-aged children, the property falls within the zones of St Joseph's School (Decile 7) and Craighead Diocesan School (Decile 9), both offering high-quality education. Additionally, Bluestone School (Decile 5) and Roncalli College (Decile 7) are also in close proximity, providing a range of educational options.

Updated on November 20, 2024