12 Marchwiel Street, Marchwiel, Timaru

Nestled at 12 Marchwiel Street, Marchwiel, Timaru, this freehold property boasts a capital value of $620,000 as of September 2023, showcasing a remarkable increase of 106.67% from its $300,000 valuation in 2020. Constructed in 1900 with roughcast walls and an iron roof in good condition, this residence offers 3 bedrooms, 175 square meters of floor area, and a single carpark. The 574 square meter land sits on an easy-to-moderate fall contour, providing panoramic views over Caroline Bay. The home features two heat pumps, internal access garage, double glazing, full insulation, and HRV, ensuring comfort throughout the year.

With a HouGarden AVM of $357,500 and a latest sale history of $290,000 in 2019, this property presents an attractive investment opportunity. Notably, it sold for $150,000 in 2005, highlighting a consistent capital value growth.

For families, the property falls within the catchment of top-tier schools. St Joseph's School (Timaru) rates a decile 7, while Mountainview High School and Roncalli College are both secondary schools with deciles 6 and 7 respectively. Craighead Diocesan School, a secondary school with a decile 9, is also in the vicinity. These educational institutions ensure a quality education for children of all ages.

Updated on July 04, 2024