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398 Wai-Iti Road, Gleniti, Timaru, 3 Bedrooms, 1 Bathrooms

Sold: $499,500

Sold on 2024 Year 2024 Month 02 Day 14

398 Wai-Iti Road, Gleniti, Timaru

3
1
200m2
596m2

Located in the sought-after Gleniti School zone, this sun-filled home at 398 Wai-Iti Road, Gleniti, Timaru, offers a perfect blend of comfort and convenience. With three double bedrooms, a large lounge, and an open plan kitchen and dining area, this north-facing property ensures a warm and inviting atmosphere. The home, built in 1975, features concrete walls and an iron roof, both in good condition, and sits on a 596m² freehold section with a floor area of 200m². Additional highlights include a conservatory adjoining the lounge, double garaging, and easy-care gardens, making it an ideal choice for a range of buyers.

Over the years, the property has seen a significant increase in capital value, rising from $465,000 in September 2020 to $570,000 in September 2023, marking a 22.58% growth. The latest sale on February 14, 2024, was at $499,500, reflecting the property's consistent appeal in the market. The HouGarden AVM estimates the property's value at $542,500, indicating its potential for further appreciation.

This property is zoned for several high-decile schools, including Gleniti School (decile 9), St Joseph's School (Timaru) (decile 7), Mountainview High School (decile 6), Craighead Diocesan School (decile 9), and Roncalli College (decile 7), offering excellent educational opportunities for families.

Updated on April 05, 2024.

Council Data

Last update : 2025 01 22
Improvement value$310,000Increased by 26% from year 2020
Land value$260,000Increased by 18% from year 2020
CV(Year 2023 Month 09)$570,000Increased by 22% from year 2020
DeckYes
View typeNo appreciable view
ContourEasy/Moderate Fall
Land area596m²
Floor area200m²
Decade of construction1975
TitleCB15K/1065
Type of titleFreehold
Legal descriptionLOT 1 DP 36136
CouncilTimaru
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 36136,596m2
ConstructionExternal Walls: Concrete
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningRES 1

School zones

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

Property history

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For developers

Unitary plan:RES 1
Land:596m²
Title:Freehold

Surrounding facilities

Wai-Iti Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
4 Chateau Close, Gleniti
0.14 km
3
2
193m2
Year 2024 Month 11 Day 11
-
Council approved
2a Chateau Close, Gleniti
0.11 km
3
192m2
Year 2024 Month 10 Day 16
$845,000
Council approved
0.14 km
3
2
220m2
Year 2024 Month 10 Day 10
-
Council approved
0.16 km
2
1
90m2
Year 2024 Month 08 Day 02
$395,000
Council approved
2/426 Wai-iti Road, Gleniti
0.20 km
2
1
90m2
Year 2024 Month 07 Day 29
$285,000
Council approved

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