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Sold: $445,000

Sold on 2024 Year 2024 Month 07 Day 01

63 Lookout Road, Mesopotamia, Timaru

1
43m2
2900m2

Nestled at 63 Lookout Road, Mesopotamia, Timaru, this residential dwelling sits on a sprawling 2900sqm of level land. Constructed in 1980 with wood exterior walls and an iron roof, both in good condition, this freehold property offers a single bathroom and a carpark. The interior spans a comfortable 43sqm. Notably, the capital value has seen a dramatic increase of 42.86% from $280,000 in 2020 to $400,000 as of 2023, with the HouGarden AVM estimating it at $387,500. The latest sale history is marked by a significant leap from $6,000 in 1996 to $445,000 in 2024.

With regards to the government's valuation, the property has shown a steady rise in value. The recent sale price reflects a property in high demand. The capital value growth percentage is a testament to the investment potential of this property in a desirable location.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. Geraldine High School (Year 9-15) is a secondary school with a decile rating of 8. Carew Peel Forest School is a contributing primary with a perfect decile rating of 10. St Joseph's School (Temuka) offers a full primary education with a decile rating of 6. Craighead Diocesan School and Roncalli College are both secondary schools with decile ratings of 9 and 7 respectively, catering to a wide range of educational needs.

Updated on July 17, 2024

Council Data

Last update : 2025 02 26
Improvement value$190,000Increased by 26% from year 2020
Land value$210,000Increased by 61% from year 2020
CV(Year 2023 Month 09)$400,000Increased by 42% from year 2020
DeckYes
View typeFocal Point Of view - Other
ContourLevel
Land area2900m²
Floor area43m²
Decade of construction1980
Title1003644
Type of titleFreehold
Legal descriptionLOT 2 DP 563842
CouncilTimaru
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 563842,2900m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningR 4B

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Carew Peel Forest School
11.77 km
Primary
1-6
Government
Co-Educational
EQI: 426
10
Geraldine High School
21.44 km
Secondary
7-15
Government
Co-Educational
EQI: 451
8
St Joseph's School (Temuka)
38.55 km
Primary
1-8
Government
Co-Educational
EQI: 442
6
Craighead Diocesan School
54.39 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
Roncalli College
56.00 km
Secondary
9-15
Government
Co-Educational
EQI: 447
7

Property history

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For developers

Unitary plan:R 4B
Land:2900m²
Title:Freehold

Surrounding facilities

Lookout Road Neighborhood and Surrounding Data

Mortgage

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