132 Sheep Dip Road, Geraldine, Timaru

Nestled in a serene rural setting with stunning mountain vistas and a stone's throw from the Te Moana river, this vacant lifestyle property on 20,000 square meters of freehold land at 132 Sheep Dip Road, Geraldine, Timaru, presents a unique opportunity. With an unknown roof and wall construction, this level plot is a blank canvas awaiting transformation. The property boasts a capital value increase of 44.23% from $260,000 in 2020 to $375,000 currently, as per the government valuation. The HouGarden AVM estimates it at $342,500, while the latest sale history shows a sale in 2024 for $153,000 and another in 2017 for $231,500. This gem comes with the added bonus of being in a desirable school zone, including Woodbury School, Geraldine High School, and Geraldine Primary School, all with a decile rating of 8.

Despite a minor area of concern, the majority of the land is free of covenants and benefits from the supply and storage of Te Moana water, making it ripe for development into a tranquil retreat. This is a deal not to be missed, offering the chance to buy one hectare and get one free!

Educationally, the property falls within the catchment area of several well-regarded schools, including a secondary school and a full primary, with decile ratings as high as 9 and 8 respectively. This is an ideal investment for those who value both the tranquility of a rural lifestyle and the convenience of a top-notch education system.

Updated on May 29, 2024