2/41 Wilson Street, Geraldine, Timaru

Nestled close to the heart of Geraldine, this residential vacant land at 2/41 Wilson Street is a gem on a level contour. It boasts an own access rear section, ideal for those seeking a compact yet convenient plot. Currently on a cross-lease title, it presents an opportunity to convert to freehold at the buyer's expense, a process already initiated. The property's unknown roof and wall construction offer a blank canvas for future development. Notably, the capital value has seen a 13.14% increase from $137,000 in 2020 to $155,000 as of 2023, showcasing promising growth potential. The latest sale in 2024 was at $62,500, while the HouGarden AVM estimates it at $142,500.

When it comes to the educational aspect, this property falls within the catchment of esteemed institutions. Geraldine High School and Geraldine Primary School both hold a decile rating of 8, indicating a high standard of education. Additionally, St Joseph's School in Temuka and Craighead Diocesan School offer further options, with the latter boasting a decile rating of 9. Roncalli College, too, provides secondary education with a decile rating of 7.

With the owner eager to sell, this property presents a unique chance to invest in a rapidly appreciating asset within a desirable school zone.

Updated on May 29, 2024