2/16 Douglas Street, Highfield, Timaru

Located at 2/16 Douglas Street, Highfield, Timaru, this residential property offers a comfortable living space with 2 bedrooms, 1 bathroom, and 1 carpark, spread over a 100m² floor area. Constructed in 1975, the building features concrete walls in good condition and an iron roof also in good condition, presenting a durable and low-maintenance home. The property, categorized under 'Residential - Ownership home units', operates on a Cross-Lease ownership type and is situated on an easy/moderate rise contour, although it has no specified land area.

The capital value (CV) of this property has seen a significant increase, from $285,000 on September 1, 2020, to $345,000 on September 1, 2023, marking a 21.05% growth. The HouGarden AVM estimates its value at $340,000. Its latest sale was recorded on January 31, 2024, for $396,243, showing a substantial appreciation from its previous sale price of $168,250 on November 5, 2005.

The property is zoned for several reputable schools, including St Joseph's School (Timaru) and Waimataitai School, both full primary schools with decile ratings of 7 and 6, respectively. It also falls within the zones for Mountainview High School (decile 6), Craighead Diocesan School (decile 9), and Roncalli College (decile 7), offering a range of educational options for families with children in both primary and secondary levels.