Nestled in a serene rural setting with stunning mountain vistas and a stone's throw from the Te Moana river, this vacant lifestyle property on 20,000 square meters of freehold land at 132 Sheep Dip Road, Geraldine, Timaru, presents a unique opportunity. With an unknown roof and wall construction, this level plot is a blank canvas awaiting transformation. The property boasts a capital value increase of 44.23% from $260,000 in 2020 to $375,000 currently, as per the government valuation. The HouGarden AVM estimates it at $342,500, while the latest sale history shows a sale in 2024 for $153,000 and another in 2017 for $231,500. This gem comes with the added bonus of being in a desirable school zone, including Woodbury School, Geraldine High School, and Geraldine Primary School, all with a decile rating of 8.
Despite a minor area of concern, the majority of the land is free of covenants and benefits from the supply and storage of Te Moana water, making it ripe for development into a tranquil retreat. This is a deal not to be missed, offering the chance to buy one hectare and get one free!
Educationally, the property falls within the catchment area of several well-regarded schools, including a secondary school and a full primary, with decile ratings as high as 9 and 8 respectively. This is an ideal investment for those who value both the tranquility of a rural lifestyle and the convenience of a top-notch education system.
Updated on May 29, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Woodbury School | 6.80 km | Primary | 1-6 | Government | Co-Educational | EQI: 413 | 8 | |
Geraldine Primary School | 11.41 km | Primary | 1-6 | Government | Co-Educational | EQI: 431 | 8 | |
Geraldine High School | 11.75 km | Secondary | 7-15 | Government | Co-Educational | EQI: 451 | 8 | |
St Joseph's School (Temuka) | 26.35 km | Primary | 1-8 | Government | Co-Educational | EQI: 442 | 6 | |
Craighead Diocesan School | 39.83 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 405 | 9 | |
Roncalli College | 41.77 km | Secondary | 9-15 | Government | Co-Educational | EQI: 447 | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
4.40 km | 3 | 2 | 152m2 | Year 2024 Month 03 Day 03 | $635,000 | Council approved | ||
8.98 km | 2 | 1 | 98m2 | Year 2024 Month 02 Day 22 | $580,000 | Council approved | ||
9.78 km | 4 | 285m2 | Year 2024 Month 02 Day 15 | $1,260,000 | Council approved | |||
8.36 km | 5 | 273m2 | Year 2024 Month 02 Day 12 | $1,650,000 | Council approved | |||
11.95 km | 4 | 272m2 | Year 2024 Month 01 Day 25 | $1,250,000 | Council approved |