43 Rimu Street, Glenwood, Timaru

Nestled at 43 Rimu Street, Glenwood, Timaru, this residential dwelling on a freehold title is a gem. Constructed in 1983 with roughcast walls and tiled roof, it stands in good condition. The 3-bedroom, 2-carpark home spans an area of 149 square meters on a land of 592 square meters, enjoying an easy/moderate contour. The property has seen a 23.81% increase in Capital Value from $420,000 in 2020 to the current $520,000. The HouGarden AVM estimates it at $485,000, while the latest sales were at $382,000 in 2017 and $327,600 in 2015.

With a west-facing deck perfect for BBQs and sunsets, this home offers separate living and lounge spaces, a tiled kitchen and bathroom, and additional off-street parking. It's located just a 2-minute walk from Highfield School and Kindergarten. The area boasts top educational facilities, including St Joseph's School (Decile 7), Mountainview High School (Decile 6), Craighead Diocesan School (Decile 9), and Roncalli College (Decile 7).

Not only is this property a comfortable family home, but it's also a smart investment with a promising CV growth trajectory and situated in an excellent school zone.

Updated on May 27, 2024