88 Otipua Road, Watlington, Timaru

Nestled on a level section at 88 Otipua Road, Watlington, Timaru, this charming 3-bedroom, 2-carpark family home is a freehold property built in 1947 with brick walls and tiled roofing. It boasts an open plan living area with two heat pumps, a logfire, and HRV system, complemented by a modern kitchen, a bathroom with separate shower and bath, and the convenience of two toilets. Enjoy the all-day sun on the large deck, perfect for family gatherings. The property has seen a 24.36% increase in Capital Value from $390,000 in 2020 to $485,000 in 2023. The HouGarden AVM estimates it at $470,000, while the latest sale was recorded at $479,000 in 2024. This home is move-in ready with a well-maintained section, ideal for both families and investors.

Government valuations show a promising trend, with the latest figures reflecting a significant jump. The property's AVM from HouGarden is a testament to its appeal, closely matching the latest sale price. The consistent rise in the Capital Value indicates a sound investment opportunity.

For families with school-aged children, the property falls within the zones of St Joseph's School (Decile 7) and Craighead Diocesan School (Decile 9), both highly regarded educational institutions. Timaru South School (Decile 2) and Roncalli College (Decile 7) are also in close proximity, offering a range of schooling options.

Updated on August 01, 2024