16 Forth Street, Marchwiel, Timaru

Nestled in the tranquility of a quiet cul-de-sac at 16 Forth Street, Marchwiel, Timaru, this delightful 2-bedroom, 1-bathroom residence is a freehold property built in 1950 with brick walls and tiled roofing. It offers an floor area of 85 square meters on a levelled 690 square meter section. The property, with an average wall and roof condition, presents a solid foundation for first home buyers or investors. Notably, the capital value has seen a significant increase of 32.61% from $230,000 in 2020 to $305,000 as of 2023, showcasing its investment potential. The latest sale history is marked by a transaction of $370,000 in 2024, a substantial leap from the $42,500 sale in 1998.

Valuations are encouraging, with the HouGarden AVM estimating the property at $280,000. This low-maintenance home is an ideal starter, offering easy drive-on access and a fully fenced flat section for convenience and comfort.

For families with school-aged children, the property falls within the zone for several reputable schools. St Joseph's School (Timaru) is a full primary with a decile rating of 7, while Mountainview High School is a secondary school with a decile rating of 6. Additionally, Grantlea Downs School is a full primary with a decile rating of 5, Craighead Diocesan School offers secondary education with a decile rating of 9, and Roncalli College is a secondary school with a decile rating of 7.

Updated on December 11, 2024