6 North Terrace, Geraldine, Timaru

Located at 6 North Terrace, Geraldine, Timaru, this residential dwelling is a testament to classic charm and modern potential. Built in 1910, the property features a single bathroom, one carpark, and a generous floor area of 94 square meters, all sitting on a freehold land area of 368 square meters. The construction boasts wood walls in average condition and an iron roof, also in average condition, ensuring a sturdy and reliable home. The level property contour adds to the ease of access and potential landscaping opportunities.

Over the years, the capital value of this property has seen a significant increase, from $183,000 in September 2020 to $275,000 in September 2023, marking a 50.27% growth. This growth is a testament to the property's increasing value in the market. Additionally, the HouGarden AVM estimates the property's value at $270,000, closely aligning with the latest government valuation. The property's latest sale on January 17, 2024, was at $400,000, indicating a strong market interest and potential for investment.

The property's location in Geraldine, Timaru, places it within a desirable school zone, offering excellent educational opportunities. However, specific details regarding the decile rating and schools within the zone are not provided, suggesting potential buyers conduct further research to understand the educational benefits fully.