85 Shearman Street, Waimate, Waimate

Nestled on a generous 1315m2 section in a convenient location, this comfortable and functional dwelling at 85 Shearman Street, Waimate, Waimate boasts a freehold title. Constructed in 1960 with solid brick walls and an iron roof in good condition, the residence features 3 bedrooms, a separate toilet, and an open-plan living area that flows into a sunny conservatory. The property is equipped with a heat pump and a Healthy Homes compliant log burner, enhancing warmth and energy efficiency. Outside, there's a single garage, ample off-street parking, and multiple sheds. The capital value has seen a significant increase of 66.67% from $270,000 in 2019 to $450,000 in 2022. The HouGarden AVM estimates the property at $432,500, while the latest sales were at $382,000 in 2021 and $265,000 in 2018.

With a CV increase that outpaces the market, this property is not just a home but a sound investment. The government valuations reflect a growing desirability in the area, which is also evident from the recent sale prices.

For families with school-aged children, the property falls within the zones of Craighead Diocesan School, a high decile secondary school, and Roncalli College, another reputable secondary institution. This offers the advantage of quality education options right at the doorstep.

Updated on April 30, 2024