Nestled in the serene cul-de-sac of Nelson Terrace, this freehold property is a charming 5-bedroom, 1-bathroom residence, built in 1940 with brick walls and an iron roof. It sits on a 572sqm section with a floor area of 190sqm, enjoying an easy/moderate rise contour that captures ample sunlight. The property has seen a 24.39% increase in Capital Value from $410,000 in 2020 to the current $510,000 in 2023. The HouGarden AVM estimates it at $490,000, while the latest sales were at $380,000 in 2017 and $290,000 in 2015. This home not only offers spacious bedrooms, potential for a hobby room, and a bonus outdoor area but also boasts a prime location near the town center, Caroline Bay, and within the Waimataitai School zone.
For families, the school network is a significant plus, with St Joseph's School (Timaru) and Craighead Diocesan School both boasting high decile ratings of 7 and 9 respectively, while Waimataitai School and Roncalli College are also within reach. The property's thoughtful layout, separate living spaces, and additional perks like a separate laundry and off-street parking make it an ideal choice for those seeking space and convenience.
With a solid history and potential for further value appreciation, this property presents a sound investment opportunity in the heart of Timaru.
Updated on April 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 1 | 111m2 | Year 2024 Month 11 Day 22 | - | Council approved | |
0.14 km | 3 | 140m2 | Year 2024 Month 10 Day 05 | $445,000 | Council approved | |||
0.15 km | 3 | 180m2 | Year 2024 Month 09 Day 18 | $489,250 | Council approved | |||
 | 0.14 km | 2 | 1 | 120m2 | Year 2024 Month 08 Day 16 | - | Council approved | |
 | 0.13 km | 1 | 1 | 100m2 | Year 2024 Month 07 Day 26 | - | Council approved |