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1-7/1A Wai-iti Road, Maori Hill, Timaru, Canterbury, 11 Bedrooms, 6 Bathrooms, House

Price by Negotiation

1-7/1A Wai-iti Road, Maori Hill, Timaru, Canterbury

11
6
280m2
HouseListed on Mon Sep 2

Maori Hill 11 Bedroom Million Dollar Bay Views

Options to buy individuals or buy them all. This is a rare opportunity to secure front-row seats overlooking our beautiful Caroline Bay. Enjoy the ever-changing, jaw-dropping views of the ocean, city and port. Never a dull moment here. Meander along the boardwalk for a sunset stroll. Grab breakfast or a coffee from our great local eateries. This retro delight was constructed by Lunds in the heyday of the 1960's. Reap the returns with 2 units currently Air BnB's and the others have full occupancy with periodic tenancies. This would be a king piece in an investment portfolio. Retain or Land bank for future developments. 7 units, 6 with 2 bedrooms and a one-bedroom apartment. All with great views and an outlook to live for. Options to keep a couple and live on-site with an income flow. Renovate to high-spec apartments and increase the returns. Dont delay affordable apartments on a site like this are rare. Secure now as this opportunity won't last.

Flat 1 CV: $315,000

Flat 2 CV: $315,000

Flat 3 CV: $350,000

Flat 4 CV: $330,000

Flat 5 CV: $330,000

Flat 6 CV: $340,000

Flat 7 CV: $310,000

Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.

Location

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Council Data

Last update : 2025 01 15
Improvement value$195,000Increased by 18% from year 2020
Land value$120,000Increased by 26% from year 2020
CV(Year 2023 Month 09)$315,000Increased by 21% from year 2020
View typeNo appreciable view
ContourLevel
Floor area70m²
Decade of construction1960
Title700346
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 42466 - 1/7 SH IN LOT 2 DP 22498
CouncilTimaru
Estate descriptionFSIM,1/7,LOT 2 DEPOSITED PLAN 22498,538m2
ConstructionExternal Walls: Concrete
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningRES 2

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Waimataitai School
0.64 km
Primary
1-8
Government
Co-Educational
EQI: 467
6
Roncalli College
1.37 km
Secondary
9-15
Government
Co-Educational
EQI: 447
7
Craighead Diocesan School
1.61 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
St Joseph's School (Timaru)
2.10 km
Primary
1-8
Government
Co-Educational
EQI: 404
7

Property history

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Surrounding facilities

Wai-Iti Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
12 Wai-iti Road, Maori Hill
0.23 km
3
1
220m2
Year 2024 Month 12 Day 13
$480,000
Council approved
60 Beverley Road, Maori Hill
0.15 km
4
2
240m2
Year 2024 Month 10 Day 04
-
Council approved
5a Hewlings Street
0.52 km
4
2
196m2
Year 2024 Month 09 Day 04
-
Council approved
31D Wai-iti Road
0.19 km
2
1
120m2
Year 2024 Month 08 Day 16
-
Council approved
5a Hewlings Street, Seaview
0.52 km
4
2
196m2
Year 2024 Month 08 Day 02
$550,500
Council approved

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Ref:TIM30477Last update:2024-10-04 17:18:11