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Sold: $864,500

Sold on 2024 Year 2024 Month 09 Day 06

264d Otipua Road, Highfield, Timaru

3
169m2
511m2

Nestled in a serene cul-de-sac at 264d Otipua Road, Highfield, Timaru, this residential dwelling is a prime example of modern living. Constructed in 2022 with a mix of materials for the walls and iron for the roof, the property stands on a 511sqm section with an easy/moderate fall contour. It boasts 3 bedrooms, 2 carparks, and a generous floor area of 169sqm. The freehold title ensures full ownership rights, while the good condition of both the walls and roof promise low maintenance.

With a government valuation (CV) of $780,000 as of September 2023, this property has shown a remarkable increase of 34.48% from its previous CV of $580,000 in September 2020. The HouGarden AVM estimates the property's worth at $750,000, while the latest sale history shows an upward trend, with a sale price of $864,500 in September 2024, up from $615,000 in September 2021.

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, boasts a decile rating of 9. Bluestone School, a full primary, has a decile rating of 5.

Updated on October 23, 2024

Council Data

Last update : 2025 02 12
Improvement value$495,000Increased by 45% from year 2020
Land value$285,000Increased by 18% from year 2020
CV(Year 2023 Month 09)$780,000Increased by 34% from year 2020
View typeNo appreciable view
ContourEasy/Moderate Fall
Land area511m²
Floor area169m²
Decade of construction2022
Title795606
Type of titleFreehold
Legal descriptionLOT 2 DP 513848
CouncilTimaru
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 513848,511m2
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningRES 1

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Craighead Diocesan School
0.60 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
Bluestone School
0.66 km
Primary
1-8
Government
Co-Educational
EQI: 473
5
Highfield School
0.77 km
Primary
1-8
Government
Co-Educational
EQI: 476
7
St Joseph's School (Timaru)
1.65 km
Primary
1-8
Government
Co-Educational
EQI: 404
7
Mountainview High School
1.85 km
Secondary
9-15
Government
Co-Educational
EQI: 485
6
Roncalli College
2.16 km
Secondary
9-15
Government
Co-Educational
EQI: 447
7

Property history

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For developers

Unitary plan:RES 1
Land:511m²
Title:Freehold

Surrounding facilities

Otipua Road Neighborhood and Surrounding Data

Mortgage

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Sold date
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Data source
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1
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Year 2024 Month 09 Day 02
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