5 Monowai Place, Glenwood, Timaru

Nestled in the serene Monowai Place of Glenwood, Timaru, this charming freehold property boasts a capital value of $620,000 as of September 2023, showcasing a remarkable increase of 24% from its previous valuation in 2020. Constructed in 1974 with roughcast walls and an iron roof in good condition, the residence offers 3 bedrooms, 1 bathroom, and a single carpark, spread across a floor area of 163 square meters on a generous land plot of 711 square meters. The recently updated interior presents a modern kitchen with open-plan dining, a family lounge, and a brand-new kwila deck that overlooks the town and hills, perfect for relaxation and entertainment.

With a HouGarden AVM of $577,500, the property's latest sale history includes transactions in 2018 for $393,000 and in 2014 for $320,000. This indicates a consistent capital value growth. The location is further enhanced by its proximity to educational institutions, with St Joseph's School (Decile 7) and Mountainview High School (Decile 6) being in the zone, along with other well-regarded schools such as Craighead Diocesan School (Decile 9) and Highfield School (Decile 7).

Not only is this property an ideal choice for families with its school zone advantages, but it also features comfortable living amenities like a heat pump and a wood fire for the cooler months, a fully fenced yard, and convenient access to the Aorangi stadium and the Morgans Road shopping complex. This is a must-see property for those seeking a blend of comfort, convenience, and potential investment value.

Updated on June 26, 2024