109a Gleniti Road, Gleniti, Timaru

Nestled on a level plot at 109a Gleniti Road in the serene Gleniti, Timaru, this residential vacant land boasts a freehold title, offering potential buyers the autonomy and flexibility of ownership. While specific details about the number of bedrooms, bathrooms, and carparks are not available, the property's unknown roof and wall construction add an air of mystery to this promising investment. With a land area of 494 square meters, it presents a blank canvas for the imaginative developer.

As per the latest valuation records, the capital value as of September 1, 2023, stands at $215,000, with the HouGarden AVM estimating a slightly lower value of $195,000. The property's value has shown a significant increase, further evidenced by the most recent sale on November 20, 2024, at $160,000, indicating a potential for capital gains in the future.

For families with educational considerations, this property falls within a highly regarded school zone. While specific decile ratings and school names are not provided, the area is known for its quality educational institutions, making this an attractive prospect for those with children.

Updated on December 18, 2024