Nestled at 12 Marchwiel Street, Marchwiel, Timaru, this freehold property boasts a capital value of $620,000 as of September 2023, showcasing a remarkable increase of 106.67% from its $300,000 valuation in 2020. Constructed in 1900 with roughcast walls and an iron roof in good condition, this residence offers 3 bedrooms, 175 square meters of floor area, and a single carpark. The 574 square meter land sits on an easy-to-moderate fall contour, providing panoramic views over Caroline Bay. The home features two heat pumps, internal access garage, double glazing, full insulation, and HRV, ensuring comfort throughout the year.
With a HouGarden AVM of $357,500 and a latest sale history of $290,000 in 2019, this property presents an attractive investment opportunity. Notably, it sold for $150,000 in 2005, highlighting a consistent capital value growth.
For families, the property falls within the catchment of top-tier schools. St Joseph's School (Timaru) rates a decile 7, while Mountainview High School and Roncalli College are both secondary schools with deciles 6 and 7 respectively. Craighead Diocesan School, a secondary school with a decile 9, is also in the vicinity. These educational institutions ensure a quality education for children of all ages.
Updated on July 04, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 2 | 1 | 94m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.16 km | 4 | 144m2 | Year 2024 Month 09 Day 04 | $585,000 | Council approved | ||
 | 0.28 km | 3 | 1 | 150m2 | Year 2024 Month 09 Day 02 | $420,000 | Council approved | |
0.09 km | 2 | 1 | 72m2 | Year 2024 Month 08 Day 05 | $310,000 | Council approved | ||
0.07 km | 2 | 1 | 72m2 | Year 2024 Month 07 Day 26 | $315,000 | Council approved |