22 Chapel Street, Timaru, Timaru

Nestled at 22 Chapel Street, Timaru, this charming character villa on a Freehold title presents an exquisite blend of vintage elegance and modern convenience. Constructed in 1910 with mixed materials for the walls and iron for the roof, the property boasts 3 bedrooms and 1 bathroom, spread across a floor area of 93 square meters on a land area of 296 square meters. The property's capital value has seen a substantial increase, rising from $255,000 in 2020 to $320,000 in 2023, reflecting a growth rate of 25.49%. The well-maintained northwest-facing garden and easy-care section add to the appeal, making it an ideal base for the current Essence magazine offices or a cozy Air BnB. Being the only house on a quiet cul-de-sac, it offers a unique combination of living and potential home business opportunities in a central location, within walking distance to the town, the bay, and the highly-rated Roncalli College.

Reflecting its value, the property has a HouGarden AVM of $300,000, with a notable sales history of $195,000 in 2016 and $165,000 in 2013. The government's decile ratings for the nearby schools are impressive: St Joseph's School (Timaru) at 7, Craighead Diocesan School at 9, Waimataitai School at 6, and Roncalli College at 7, ensuring quality education options for the family.

With its attractive CV growth percentage and prime location within a sought-after school zone, this property is not just a home but a sound investment for the future.

Updated on May 09, 2024