17 Forth Street, Marchwiel, Timaru

This charming residence located at 17 Forth Street, Marchwiel, Timaru, offers a solid and safe environment, making it an excellent choice for first-time buyers, investors, or those looking to downsize. The property features two bedrooms, one bathroom, and boasts a floor area of 85 square meters on a generous 698 square meter freehold land. The exterior is constructed of brick with a tile roof, reflecting its 1950s build but with average condition in both wall and roof. The level contour of the property provides a great foundation for the sunny lounge area and a pleasant kitchen space, complemented by some double glazing and aluminium windows for easy maintenance. The property's layout ensures a comfortable living space that enjoys plenty of sunlight. A notable highlight is the private backyard, perfect for those who appreciate outdoor privacy or wish to cultivate a vegetable garden. The current tenant has enjoyed living here for the past five years and is happy to stay on, adding value for potential investors.

The property has seen a significant increase in capital value, from $245,000 in September 2020 to $325,000 in September 2023, marking a 32.65% growth. The latest HouGarden AVM estimates the property's value at $315,000. Its last sale was recorded on August 24, 2011, for $147,000, indicating a strong appreciation over the years.

Located in a growing area in the north of Timaru, this property falls within the zones of several reputable schools, including St Joseph's School (Timaru) with a decile rating of 7, Mountainview High School (decile 6), Grantlea Downs School (decile 5), Craighead Diocesan School (decile 9), and Roncalli College (decile 7), offering excellent educational opportunities for families.

Updated on April 05, 2024.