189 Selwyn Street, Marchwiel, Timaru

Nestled in the serene cul-de-sac of 189 Selwyn Street, Marchwiel, Timaru, this charming 3-bedroom, 1-bathroom family home is a freehold property built in 1951 with brick walls and tiled roofing. The well-maintained 150sqm floor area is complemented by a spacious 653sqm land, offering a comfortable and private living environment. Notably, the property has seen a significant Capital Value (CV) increase of 26.39% from $360,000 in 2020 to $455,000 in 2023. The latest sale history includes a transaction at $420,000 in 2024 and $73,000 in 1999, while the HouGarden AVM estimates the property's value at $455,000.

With a CV growth that outpaces the market average, this property is not just a home but a sound investment. It features a sunny lounge/dining area with a log burner, a brand new kitchen with a dishwasher, and a good-sized lounge room with electric fire heating. The modernized bathroom and three double bedrooms are insulated for comfort, and the fully fenced backyard is perfect for families, especially with its proximity to top-rated schools such as St Joseph's School (Decile 7), Mountainview High School (Decile 6), and Craighead Diocesan School (Decile 9).

For families with school-aged children, the property falls within the catchment area of these esteemed educational institutions, ensuring access to quality education. This is an excellent opportunity to secure a family home in a desirable location, with the added benefit of a growing CV and a peaceful, family-friendly neighborhood.

Updated on October 02, 2024