Nestled in a quiet cul-de-sac at 30 Somerset Street, Watlington, Timaru, this residential property boasts a freehold title and a purpose-built design for rental flats. Constructed in 1950 with mixed materials for the walls and iron for the roof, the building stands on a level contour with a land area of 1131 square meters and a floor area of 200 square meters. The property currently features two 3-bedroom apartments with open plan living that flows out to north-facing verandas, basking in sunlight throughout the day. It's a wise investment, currently returning over 8% and demanding serious consideration from astute investors.
As for the property's valuation, the capital value has seen a remarkable increase of 26.32% from $285,000 in September 2020 to $360,000 in September 2021. The HouGarden AVM estimates the property's worth at $342,500, while the latest sale history shows a significant leap from $290,000 in September 2020 to $570,000 in February 2024.
When it comes to education, the property falls within the zones of several reputable schools. St Joseph's School (Timaru) is a full primary with a decile rating of 7, Craighead Diocesan School is a secondary school (Year 7-15) with a decile rating of 9, Bluestone School is a full primary with a decile rating of 5, and Roncalli College is a secondary school (Year 9-15) with a decile rating of 7.
Updated on April 10, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Bluestone School | 1.00 km | Primary | 1-8 | Government | Co-Educational | EQI: 473 | 5 | |
Roncalli College | 1.18 km | Secondary | 9-15 | Government | Co-Educational | EQI: 447 | 7 | |
Craighead Diocesan School | 2.08 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 405 | 9 | |
St Joseph's School (Timaru) | 3.15 km | Primary | 1-8 | Government | Co-Educational | EQI: 404 | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
0.53 km | 3 | 118m2 | Year 2024 Month 05 Day 08 | $480,000 | Council approved | |||
![]() | 0.43 km | 3 | 1 | 110m2 | Year 2024 Month 04 Day 12 | $590,000 | Council approved | |
![]() | 0.18 km | 2 | 1 | 88m2 | Year 2024 Month 03 Day 15 | $405,000 | Council approved | |
0.09 km | 3 | 120m2 | Year 2024 Month 02 Day 24 | $489,000 | Council approved | |||
![]() | 0.28 km | 3 | 1 | 90m2 | Year 2024 Month 01 Day 15 | $385,000 | Council approved |