55 Morgans Road, Glenwood, Timaru

Nestled at 55 Morgans Road, Glenwood, Timaru, this commercial-retail property is set on a freehold title with a land area of 399 square meters. Constructed in 1960, the building boasts concrete walls and an iron roof, both in good condition. It offers a floor area of 270 square meters and is complemented by 2 car parks. The property's capital value has seen a significant increase, reflecting a dynamic growth trend in the area.

As per the latest records, the property's capital value has risen from $570,000 in September 2020 to $700,000 in September 2023, indicating a 22.8% increase. The HouGarden AVM estimates the property's value at $680,000. Notably, the property was sold for $817,938 on July 24, 2024, a substantial leap from its previous sale in 1992 for $175,000.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. St Joseph's School (Timaru) and Highfield School are both full primary schools with a decile rating of 7. Mountainview High School and Roncalli College cater to secondary students, with decile ratings of 6 and 7 respectively, while Craighead Diocesan School, a secondary school for Years 7-15, holds a decile rating of 9.

Updated on August 14, 2024