Nestled in a quiet cul-de-sac at 30 Somerset Street, Watlington, Timaru, this residential property boasts a freehold title and a purpose-built design for rental flats. Constructed in 1950 with mixed materials for the walls and iron for the roof, the building stands on a level contour with a land area of 1131 square meters and a floor area of 200 square meters. The property currently features two 3-bedroom apartments with open plan living that flows out to north-facing verandas, basking in sunlight throughout the day. It's a wise investment, currently returning over 8% and demanding serious consideration from astute investors.
As for the property's valuation, the capital value has seen a remarkable increase of 26.32% from $285,000 in September 2020 to $360,000 in September 2021. The HouGarden AVM estimates the property's worth at $342,500, while the latest sale history shows a significant leap from $290,000 in September 2020 to $570,000 in February 2024.
When it comes to education, the property falls within the zones of several reputable schools. St Joseph's School (Timaru) is a full primary with a decile rating of 7, Craighead Diocesan School is a secondary school (Year 7-15) with a decile rating of 9, Bluestone School is a full primary with a decile rating of 5, and Roncalli College is a secondary school (Year 9-15) with a decile rating of 7.
Updated on April 10, 2024
dirección de la calle | distancia | número de dormitorios | número de baños | área de construcción | fecha de venta | precio de venta | fuente de datos | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 1 | 122m2 | 2024 año 12 mes 10 día | - | Council approved | |
 | 0.18 km | 3 | 140m2 | 2024 año 11 mes 12 día | $427,000 | Council approved | ||
 | 0.37 km | 3 | 1 | 116m2 | 2024 año 09 mes 30 día | $530,000 | Council approved | |
 | 0.42 km | 3 | 1 | 150m2 | 2024 año 09 mes 27 día | - | Council approved | |
 | 0.16 km | 4 | 190m2 | 2024 año 08 mes 22 día | $477,700 | Council approved |