Located at 78 Meadows Road, Washdyke, Timaru, this industrial - vacant property offers a unique opportunity for businesses looking to build or relocate. With an unknown number of bedrooms, 1 bathroom, and no car parks, the property spans an area of 819 sqm with a freehold ownership type. The building's age, wall, and roof constructions are unknown, and its condition is also unspecified. The property is level, making it an ideal site for development.
The capital value of this property has seen a significant increase from $200,000 on September 1, 2020, to $270,000 on September 1, 2023, marking a 35% growth. The latest sale recorded was on June 20, 2002, for $17,000. The HouGarden AVM estimates the property's value at $265,000. This presents a rare opportunity for instant equity by building your own office and shed, offering better returns and less disruption compared to leasing.
The property is zoned for several schools including St Joseph's School (Timaru) with a decile rating of 7, Mountainview High School with a decile of 6, Grantlea Downs School with a decile of 5, Craighead Diocesan School with a decile of 9, and Roncalli College with a decile of 7. This diverse range of educational institutions adds value to the property, making it a wise investment for the future.
Updated on March 22, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.10 km | 4 | 126m2 | Year 2024 Month 12 Day 10 | $796,500 | Council approved | ||
2.23 km | 0 | 0 | 0m2 | Year 2024 Month 10 Day 29 | - | Council approved | ||
2.23 km | 0m2 | Year 2024 Month 10 Day 26 | $250,000 | Council approved | ||||
 | 0.81 km | 3 | 101m2 | Year 2024 Month 10 Day 24 | $440,000 | Council approved | ||
| 0.81 km | 3 | 1 | 101m2 | Year 2024 Month 10 Day 24 | - | Council approved |