1/58 Grey Road, Timaru, Timaru

Nestled at 1/58 Grey Road, Timaru, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single car park, all within a floor area of 90 square meters. Constructed in 1976 with concrete walls and an iron roof, both in good condition, this cross-lease property stands firm on level contour. The highlight is the recently replaced new colour steel roof, adding both value and visual appeal. The home is equipped with a heat pump for year-round comfort and a conservatory perfect for leisurely morning teas. Historically, the property’s Capital Value (CV) has seen a remarkable increase from $285,000 in September 2020 to $365,000 in September 2023, indicating a growth rate of 28.07%. The HouGarden AVM estimates the property at $347,500, while the latest sales were recorded at $238,000 in June 2017 and $153,500 in February 2012. This property is ideal for first-time buyers or retirees looking to downsize, conveniently located within walking distance to all amenities.

When it comes to education, the property falls within the zones of St Joseph's School (Full Primary, Decile 7), Craighead Diocesan School (Secondary, Year 7-15, Decile 9), Waimataitai School (Full Primary, Decile 6), and Roncalli College (Secondary, Year 9-15, Decile 7), offering a range of options for families with children of different ages.

Simply put, this is a fabulous opportunity to secure a solid property in the heart of Timaru, with a strong CV growth potential and within an excellent school network.

Updated on April 11, 2024