4 Roxburgh Street, Glenwood, Timaru

Nestled in the serene cul-de-sac of 4 Roxburgh Street, Glenwood, Timaru, this charming 2-bedroom, 1-bathroom unit exudes potential on a freehold cross-lease title. Constructed in 1970 with robust concrete walls and iron roofing, both in good condition, the property offers a floor area of 70 square meters. The capital value has seen a rapid increase from $280,000 in 2020 to $360,000 in 2023, reflecting a growth rate of 28.57%. The latest sales history includes transactions in 2000 and 1993, with the HouGarden AVM currently valuing the property at $342,500.

With a prime location comes the advantage of being in the catchment area of esteemed schools. St Joseph's School and Highfield School, both with a decile rating of 7, cater to primary students, while Mountainview High School and Roncalli College, with decile ratings of 6 and 7 respectively, serve secondary students. Craighead Diocesan School, a secondary school with a decile rating of 9, is also within reach.

Boasting separate living areas, a north-facing sunroom, and a spacious bathroom, this home is perfect for those seeking comfort and convenience. The low-maintenance garden and the practical layout make it an ideal choice for first-time buyers, downsizers, or investors looking for a property with significant capital value growth potential.

Updated on October 09, 2024