Denmark Street, Temuka, Timaru

Located in the serene Temuka residential area, this vacant section at Denmark Street spans an impressive 12,462m2. Despite its considerable size, the property currently has no buildings, hence no bedrooms, bathrooms, or floor area to account for. It does, however, offer ample space for parking. The land, characterized by its level contour, is divided into three paddocks and is enclosed by high-quality boundary fencing. Access to this freehold property is conveniently available from both Denmark Street and Alexandra Street. While the construction details of any potential buildings remain unknown, the possibilities for development on this vast piece of land are extensive.

The property has seen a significant increase in its capital value, jumping from $125,000 on September 1, 2020, to $210,000 on September 1, 2023, marking a 68% growth. The HouGarden AVM estimates its value at $205,000. Notably, the latest sale recorded on November 22, 2023, was at $400,000, a substantial increase from its $60,000 sale price back on September 9, 2003. This demonstrates the property's rapidly growing appeal and potential for investment.

For families considering educational opportunities, the property falls within the zones of several reputable schools. St Joseph's School (Temuka), a full primary school, holds a decile rating of 6. Secondary education options include Opihi College Years 9-15 with a decile of 5, Craighead Diocesan School with a decile of 9, and Roncalli College with a decile of 7. These schools offer a range of educational environments, from more intimate settings to those with a broader academic scope.