63 Lookout Road, Mesopotamia, Timaru

Nestled at 63 Lookout Road, Mesopotamia, Timaru, this residential dwelling sits on a sprawling 2900sqm of level land. Constructed in 1980 with wood exterior walls and an iron roof, both in good condition, this freehold property offers a single bathroom and a carpark. The interior spans a comfortable 43sqm. Notably, the capital value has seen a dramatic increase of 42.86% from $280,000 in 2020 to $400,000 as of 2023, with the HouGarden AVM estimating it at $387,500. The latest sale history is marked by a significant leap from $6,000 in 1996 to $445,000 in 2024.

With regards to the government's valuation, the property has shown a steady rise in value. The recent sale price reflects a property in high demand. The capital value growth percentage is a testament to the investment potential of this property in a desirable location.

For families with school-aged children, the property falls within the catchment area of several well-regarded schools. Geraldine High School (Year 9-15) is a secondary school with a decile rating of 8. Carew Peel Forest School is a contributing primary with a perfect decile rating of 10. St Joseph's School (Temuka) offers a full primary education with a decile rating of 6. Craighead Diocesan School and Roncalli College are both secondary schools with decile ratings of 9 and 7 respectively, catering to a wide range of educational needs.

Updated on July 17, 2024