Located at 2 Rata Place, Glenwood, Timaru, this residential property features 2 bedrooms, a bathroom, and 1 carpark, covering a floor area of 110 square meters. With its construction dating back to 1971, the property boasts concrete walls and tile roofing, both in average condition. This Cross-Lease property sits on a level contour, presenting a unique opportunity for ownership in a serene neighborhood.
Over the years, the capital value of this property has seen a significant increase, from $295,000 in September 2020 to $380,000 in September 2023, marking a 28.81% growth. The latest sale recorded on January 17, 2024, was at $381,700, slightly above the current HouGarden AVM of $362,500. This growth trajectory underscores the property's appreciating value in the market.
The property is zoned for several reputable schools, including St Joseph's School (Timaru) and Highfield School, both full primary schools with a decile rating of 7. For secondary education, it falls within the zones for Mountainview High School and Roncalli College, with decile ratings of 6 and 7 respectively, and Craighead Diocesan School, known for its high decile rating of 9. This makes the property an ideal choice for families prioritizing quality education.
Updated on April 06, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.32 km | 3 | 2 | 210m2 | Year 2024 Month 11 Day 20 | $772,000 | Council approved | |
 | 0.15 km | 3 | 189m2 | Year 2024 Month 11 Day 19 | $660,000 | Council approved | ||
 | 0.25 km | 3 | 126m2 | Year 2024 Month 11 Day 06 | $515,000 | Council approved | ||
 | 0.28 km | 2 | 1 | 100m2 | Year 2024 Month 10 Day 23 | $425,000 | Council approved | |
 | 0.06 km | 2 | 1 | 130m2 | Year 2024 Month 10 Day 22 | - | Council approved |