164 Chapel Road, Pareora West, Timaru

Located at 164 Chapel Road, Pareora West, Timaru, this unique property spans an impressive land area of 223,800 square meters, offering a pastoral finishing setup. The property, with a floor area of 150 square meters, is under freehold ownership, ensuring the buyer has complete control over the land. Despite the unknown specifics regarding the number of bedrooms, bathrooms, and the construction details of the walls and roof, the property's vast land size presents a canvas for potential development or agricultural use. Parking is not an issue, with ample space available for vehicles.

The property has seen a significant increase in its capital value, growing from $860,000 on September 1, 2020, to $1,050,000 on September 1, 2023, marking a 22.09% rise. This growth is a testament to the property's increasing market value. Additionally, the latest sale on January 30, 2024, recorded a sale price of $1,250,000, while the HouGarden AVM estimates the property's value at $985,000, indicating a strong market interest and potential for further capital gains.

Education is well catered for, with the property being zoned for several high-decile schools, including Beaconsfield School and St Joseph's School (Timaru) for Full Primary education, both with impressive decile ratings of 9 and 7, respectively. For secondary education, Craighead Diocesan School and Roncalli College offer excellent options, also boasting high decile ratings of 9 and 7, respectively, ensuring quality education for residents in the area.

Updated on April 05, 2024.