Townsend Road, Geraldine, Timaru

Located in the serene Townsend Road, Geraldine, Timaru, this pastoral grazing property spans an impressive land area of 287,860 square meters. Despite the unknown specifics regarding its bedrooms, floor area, roof, and wall constructions, the property boasts a freehold ownership type, marking it as a unique investment or lifestyle opportunity. The property's condition, both in terms of its walls and roof, remains unspecified, leaving room for potential customization or development.

Over the recent years, the property has seen a notable increase in its capital value, growing from $270,000 in September 2020 to $300,000 by September 2023, marking an 11.11% increase. This growth is complemented by a HouGarden AVM estimate of $255,000 and a recent sale price of $296,000 in February 2024, indicating a steady appreciation in value and investment potential.

The property is ideally located within the zones of several reputable schools, including Woodbury School, Geraldine High School (Year 9-15), Geraldine Primary School, St Joseph's School (Temuka), Craighead Diocesan School, and Roncalli College, with decile ratings ranging from 6 to 9. This proximity to quality education institutions adds to the property's appeal for families and investors alike.