Nestled in the tranquility of a quiet cul-de-sac at 8 Gibson Street, Seaview, Timaru, this charming 3-bedroom, 1-bathroom residential dwelling is graced with a freehold title. Constructed in 1900 with wooden walls and an iron roof, the property boasts an average wall condition and a fair roof condition, sitting on a land area of 458sqm with an easy/moderate fall contour. The interior is cosily heated by a log fire and features neutral grey carpeting, an open plan living/dining area, and a newly renovated bathroom with modern amenities. The property has seen a significant Capital Value (CV) increase of 25.86% from $290,000 in 2020 to $365,000 as of 2023. HouGarden AVM estimates the property's value at $347,500, while the latest sale history includes transactions in 2012 for $170,000 and in 2008 for $145,000.
For families with school-aged children, the property falls within the catchment area of several reputable schools. St Joseph's School (Timaru) is a Full Primary with a decile rating of 7, while Craighead Diocesan School is a Secondary school with a decile rating of 9. Other nearby schools include Waimataitai School (decile 6), Timaru South School (decile 2), and Roncalli College (Secondary, decile 7).
With a generous sunny deck, a large fenced backyard, and the potential for off-street parking, this property offers both comfort and convenience, making it an attractive investment with very good rental potential.
Updated on October 25, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | 120m2 | Year 2024 Month 10 Day 11 | - | Council approved | |
0.18 km | 5 | 2 | 200m2 | Year 2024 Month 09 Day 02 | - | Council approved | ||
0.18 km | 5 | 200m2 | Year 2024 Month 08 Day 16 | $569,000 | Council approved | |||
0.14 km | 3 | 160m2 | Year 2024 Month 08 Day 05 | $583,000 | Council approved | |||
 | 0.19 km | 4 | 191m2 | Year 2024 Month 08 Day 02 | $470,000 | Council approved |