4 Archer Street, Parkside, Timaru

Nestled in the heart of Parkside, Timaru, this 3-bedroom, 1-bathroom residential dwelling on a freehold title boasts a floor area of 124sqm and is set on a level 293sqm section. Constructed in 1910 with wooden walls and an iron roof in good condition, this property is a perfect blend of classic charm and modern convenience. The capital value has seen a significant increase of 24.56% from $285,000 in 2020 to $355,000 as of 2023. The latest sale history includes a transaction at $365,200 in 2024, demonstrating the investment potential. The HouGarden AVM estimates the property value at $325,000. This Archer Street home is not only centrally located but also within a highly sought-after school zone, including St Joseph's School (Decile 7) and Craighead Diocesan School (Decile 9), making it an ideal choice for families.

With a property contour that is level and a well-maintained garden, this home presents an excellent opportunity for investors, currently tenanted with sitting tenants content to stay until at least the end of their fixed tenancy in 2014. The combination of a quiet cul-de-sac location, a warm and inviting interior, and the prospect of capital growth makes this property a compelling investment that's hard to beat.

Education is a key highlight, with the property being in close proximity to top-rated schools such as St Joseph's School and Craighead Diocesan School, ensuring access to quality education for children of all ages. The convenience of the location, coupled with the property's increasing capital value, makes this an unbeatable investment in the eyes of both investors and families.

Updated on December 04, 2024