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Sold: $2,000,000

Sold on 2024 Year 2024 Month 09 Day 11

5b Park Lane, Highfield, Timaru

3
246m2
505m2

Nestled in the serene cul-de-sac of Park Lane, Highfield, Timaru, this 246sqm residential dwelling on a 505sqm freehold section boasts 3 bedrooms and 2 carparks. Constructed with a mix of materials for the walls and iron for the roof, this property from 2024 presents a well-maintained exterior, both in wall and roof condition. The capital value has seen an impressive increase of 631%, from $260,000 in 2020 to $1,900,000 as of 2023, with a HouGarden AVM of $1,882,500. The latest sale history includes a transaction of $2,000,000 in 2024 and $315,000 in 2019.

For families with school-aged children, the property falls within the catchment area of several esteemed institutions. St Joseph's School offers a full primary education with a decile rating of 7. Mountainview High School and Waimataitai School cater to secondary students, with decile ratings of 6 each. Craighead Diocesan School provides secondary education from Year 7 with a higher decile rating of 9, while Roncalli College serves Years 9 to 15 with a decile rating of 7.

Updated on November 06, 2024

Council Data

Last update : 2025 01 22
Improvement value$1,550,000
Land value$350,000Increased by 34% from year 2020
CV(Year 2023 Month 09)$1,900,000Increased by 630% from year 2020
DeckYes
View typeFocal Point Of view - Other
ContourLevel
Land area505m²
Floor area246m²
Decade of construction2024
Title890874
Type of titleFreehold
Legal descriptionLOT 3 DP 536778
CouncilTimaru
Estate descriptionFSIM,1/1,LOT 3 DEPOSITED PLAN 536778,505m2
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningRES 1

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Waimataitai School
0.48 km
Primary
1-8
Government
Co-Educational
EQI: 467
6
Craighead Diocesan School
0.57 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
St Joseph's School (Timaru)
1.34 km
Primary
1-8
Government
Co-Educational
EQI: 404
7
Mountainview High School
1.74 km
Secondary
9-15
Government
Co-Educational
EQI: 485
6
Roncalli College
1.84 km
Secondary
9-15
Government
Co-Educational
EQI: 447
7

Property history

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For developers

Unitary plan:RES 1
Land:505m²
Title:Freehold

Surrounding facilities

Park Lane Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
5 Nile Street
0.19 km
3
2
165m2
Year 2024 Month 10 Day 25
-
Council approved
5 Nile Street, Highfield
0.19 km
3
165m2
Year 2024 Month 10 Day 11
$805,000
Council approved
3 Park Lane, Highfield
0.09 km
5
3
430m2
Year 2024 Month 09 Day 27
$800,000
Council approved
19 Nile Street
0.19 km
3
1
184m2
Year 2024 Month 09 Day 04
-
Council approved
8/91 Wai-iti Road
0.09 km
2
1
70m2
Year 2024 Month 08 Day 05
-
Council approved

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