408 Wai-Iti Road, Gleniti, Timaru

This modern, two-owner townhouse is nestled up a private driveway at 408 Wai-Iti Road, Gleniti, Timaru, offering a serene and private living experience. The property boasts three spacious bedrooms, a generous living room with ample seating areas that opens out to a west-facing covered entertainment area, and a kitchen bathed in morning sunlight. The main bedroom features its own toilet, enhancing privacy and convenience. Additionally, the property includes an internal access double garage, providing ample space for a workshop or extra storage. With a floor area of 170 square meters and sitting on a 625 square meter freehold land, this residence is characterized by its roughcast walls and iron roof, both in good condition, built in 1998 on a level contour.

The property has seen a significant capital value increase of approximately 23.53% from $510,000 in September 2020 to $630,000 in September 2023, reflecting its growing desirability and investment potential. The latest sale in December 2023 saw the property fetching $605,000, slightly above the HouGarden AVM of $602,500, indicating a strong market interest. This townhouse is an ideal option for those seeking a low-maintenance home in an easy-care section.

Located in a highly sought-after school zone, the property provides access to top-rated schools including Gleniti School (decile 9), St Joseph's School (Timaru) (decile 7), Mountainview High School (decile 6), Craighead Diocesan School (decile 9), and Roncalli College (decile 7), offering excellent educational opportunities for families.

Updated on April 04, 2024.