Nestled in the serene Maori Hill, Timaru, at 35 Wai-Iti Road, this charming freehold property is a perfect blend of vintage elegance and modern comfort. Constructed in 1920 with roughcast walls and an iron roof, both in good condition, the 111sqm floor area is graced with 3 bedrooms, 1 bathroom, and a carpark. The 334sqm level land is maintenance-free, featuring a courtyard and a deck for entertainment. The property's Capital Value (CV) has seen a rapid increase of 23.61% from $360,000 in 2020 to $445,000 as of 2023. The HouGarden AVM estimates it at $442,500, while the latest sales were at $349,000 in 2019 and $202,000 in 2013. This delightful home is not just a sanctuary but also an excellent investment.
With a CV growth rate that outpaces the market average, this property is a gem. The government's valuation history and the HouGarden AVM reflect its consistent rise in value, making it an attractive prospect for investors. The recent sale history further validates its increasing worth.
For families with school-aged children, the property falls within the catchment area of esteemed schools. St Joseph's School (Timaru) is a Full Primary with a decile rating of 7, while Craighead Diocesan School is a Secondary school rated 9. Additionally, Waimataitai School (decile 6) and Roncalli College (decile 7) are in close proximity, ensuring a high-quality education for all ages.
Updated on November 25, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 1 | 133m2 | Year 2024 Month 10 Day 07 | - | Council approved | |
0.11 km | 3 | 140m2 | Year 2024 Month 10 Day 05 | $445,000 | Council approved | |||
 | 0.12 km | 4 | 2 | 240m2 | Year 2024 Month 10 Day 04 | - | Council approved | |
0.15 km | 3 | 180m2 | Year 2024 Month 09 Day 18 | $489,250 | Council approved | |||
 | 0.07 km | 2 | 1 | 120m2 | Year 2024 Month 08 Day 16 | - | Council approved |