17 Nelson Terrace, Seaview, Timaru

Nestled in the serene cul-de-sac of Nelson Terrace, this freehold property is a charming 5-bedroom, 1-bathroom residence, built in 1940 with brick walls and an iron roof. It sits on a 572sqm section with a floor area of 190sqm, enjoying an easy/moderate rise contour that captures ample sunlight. The property has seen a 24.39% increase in Capital Value from $410,000 in 2020 to the current $510,000 in 2023. The HouGarden AVM estimates it at $490,000, while the latest sales were at $380,000 in 2017 and $290,000 in 2015. This home not only offers spacious bedrooms, potential for a hobby room, and a bonus outdoor area but also boasts a prime location near the town center, Caroline Bay, and within the Waimataitai School zone.

For families, the school network is a significant plus, with St Joseph's School (Timaru) and Craighead Diocesan School both boasting high decile ratings of 7 and 9 respectively, while Waimataitai School and Roncalli College are also within reach. The property's thoughtful layout, separate living spaces, and additional perks like a separate laundry and off-street parking make it an ideal choice for those seeking space and convenience.

With a solid history and potential for further value appreciation, this property presents a sound investment opportunity in the heart of Timaru.

Updated on April 10, 2024