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Sold: $250,000

Sold on 2024 Year 2024 Month 10 Day 14

Mahoneys Hill Road, Oceanview, Timaru

785m2

Nestled on Mahoneys Hill Road in the serene Oceanview, Timaru, this residential vacant land boasts a freehold title, offering potential buyers the autonomy and flexibility of ownership. The property spans a generous 785 square meters with an easy to moderate fall contour, making it an ideal candidate for a dream home construction. While the specifics of the roof and wall construction remain unknown, the mystery adds to the allure of this blank canvas, ready to be transformed into a personalized haven.

As per the latest valuation records, the capital value as of September 2023 stands at $270,000, with the HouGarden AVM estimating a slightly lower figure of $245,000. The property's market potential is further highlighted by the recent sale on October 14, 2024, at $250,000, indicating a stable and promising growth trajectory in the area.

For families with educational considerations, this property falls within a highly regarded school zone. With top-notch educational institutions in close proximity, the rating and reputation of the schools are sure to add value to this already promising investment opportunity.

Updated on December 04, 2024

Council Data

Last update : 2025 02 12
View typeNo appreciable view
ContourEasy/Moderate Fall
Land area785m²
Title1173519
Type of titleFreehold
Legal descriptionLOT 5 DP 601782
CouncilTimaru
Estate descriptionFSIM,1/1,LOT 5 DEPOSITED PLAN 601782,785m2
ConstructionExternal Walls: Unknown
Roof: Unknown
ConditionExternal Walls: Unknown
Roof: Unknown
ZoningRES 4

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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Grantlea Downs School
0.85 km
Primary
1-8
Government
Co-Educational
EQI: 492
5
Oceanview Heights School
1.51 km
Primary
1-8
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EQI: 538
2
St Joseph's School (Timaru)
1.64 km
Primary
1-8
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EQI: 404
7
Mountainview High School
1.82 km
Secondary
9-15
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EQI: 485
6
Waimataitai School
2.35 km
Primary
1-8
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Co-Educational
EQI: 467
6
Craighead Diocesan School
2.57 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 405
9
Highfield School
3.25 km
Primary
1-8
Government
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EQI: 476
7
Bluestone School
3.61 km
Primary
1-8
Government
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EQI: 473
5
Timaru Boys' High School
3.75 km
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9-15
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EQI: 445
7
Gleniti School
3.96 km
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1-8
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EQI: 403
9

Property history

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For developers

Unitary plan:RES 4
Land:785m²
Title:Freehold

Mahoneys Hill Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
42 Jellicoe Street
0.69 km
3
2
115m2
Year 2024 Month 12 Day 23
-
Council approved
0.48 km
0
0
0m2
Year 2024 Month 10 Day 29
-
Council approved
0.61 km
3
2
151m2
Year 2024 Month 10 Day 29
-
Council approved
0.48 km
0m2
Year 2024 Month 10 Day 26
$250,000
Council approved
0.61 km
3
151m2
Year 2024 Month 10 Day 11
$785,000
Council approved

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