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2/426 Wai-Iti Road, Gleniti, Timaru, 2 Bedrooms, 1 Bathrooms, House

Sold: $379,000

Sold on 2024 Year 2024 Month 11 Day 28

2/426 Wai-Iti Road, Gleniti, Timaru

2
1
66m2

Nestled down a long wide driveway, adjacent to the retirement village, this 1970s constructed unit is a gem in the sought-after Gleniti zone. It's the middle one of three north-facing units, boasting two double bedrooms, an open plan living area, and a charming patio space. With a concrete floor and concrete block construction, it's a perfect candidate for renovation. The property, with a capital value of $310,000 as of September 2023, has seen a 29.17% increase since 2020. It sits on a level contour with good aluminium walls and an iron roof. This cross-lease unit at 2/426 Wai-Iti Road offers a surprisingly spacious backyard and a single carpark. The latest sale was in 2007 for $149,000, while the current HouGarden AVM estimates it at $305,000.

For families, the school network is a significant plus. The nearby Gleniti School is a full primary with a decile rating of 9, while St Joseph's School and Mountainview High School offer full primary and secondary education respectively, with deciles of 7 and 6. The Craighead Diocesan and Roncalli College cater to secondary students with deciles of 9 and 7. This property invites you to seize the opportunity for a home, investment, or a flipping project, with vacant possession and potential waiting to be unleashed.

Updated on July 29, 2024

Council Data

Last update : 2025 01 15
Improvement value$250,000Increased by 56% from year 2020
Land value$120,000Increased by 50% from year 2020
CV(Year 2023 Month 09)$370,000Increased by 54% from year 2020
View typeNo appreciable view
ContourLevel
Floor area66m²
Decade of construction1970
TitleCB25A/576
Type of titleCross-Lease
Legal descriptionFLAT 2 DP 39270 WITH UNDIVIDED 1/3 INT IN LOT 1 DP 34594 SUBJ TO & WITH INT IN ROW
CouncilTimaru
Estate descriptionFSIM,1/3,LOT 1 DEPOSITED PLAN 34594,1173m2
ConstructionExternal Walls: Aluminium
Roof: Iron
ConditionExternal Walls: Good
Roof: Average
ZoningRES 1

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Gleniti School
0.78 km
Primary
1-8
Government
Co-Educational
EQI: 403
9
Mountainview High School
2.07 km
Secondary
9-15
Government
Co-Educational
EQI: 485
6
Craighead Diocesan School
2.09 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
St Joseph's School (Timaru)
2.33 km
Primary
1-8
Government
Co-Educational
EQI: 404
7
Roncalli College
4.05 km
Secondary
9-15
Government
Co-Educational
EQI: 447
7

Property history

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For developers

Unitary plan:RES 1
Land:-
Title:Cross-Lease

Surrounding facilities

Wai-Iti Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
436B Wai-iti Road
0.11 km
3
2
163m2
Year 2024 Month 12 Day 06
-
Council approved
427 Wai-Iti Road, Gleniti
0.11 km
4
170m2
Year 2024 Month 11 Day 28
$710,000
Council approved
436b Wai-Iti Road, Gleniti
0.11 km
3
163m2
Year 2024 Month 11 Day 26
$692,000
Council approved
16 Rowan Place
0.11 km
3
2
158m2
Year 2024 Month 08 Day 13
-
Council approved
434 Wai-iti Road
0.10 km
3
1
152m2
Year 2024 Month 08 Day 07
-
Council approved

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