2/426 Wai-Iti Road, Gleniti, Timaru

Nestled down a long wide driveway, adjacent to the retirement village, this 1970s constructed unit is a gem in the sought-after Gleniti zone. It's the middle one of three north-facing units, boasting two double bedrooms, an open plan living area, and a charming patio space. With a concrete floor and concrete block construction, it's a perfect candidate for renovation. The property, with a capital value of $310,000 as of September 2023, has seen a 29.17% increase since 2020. It sits on a level contour with good aluminium walls and an iron roof. This cross-lease unit at 2/426 Wai-Iti Road offers a surprisingly spacious backyard and a single carpark. The latest sale was in 2007 for $149,000, while the current HouGarden AVM estimates it at $305,000.

For families, the school network is a significant plus. The nearby Gleniti School is a full primary with a decile rating of 9, while St Joseph's School and Mountainview High School offer full primary and secondary education respectively, with deciles of 7 and 6. The Craighead Diocesan and Roncalli College cater to secondary students with deciles of 9 and 7. This property invites you to seize the opportunity for a home, investment, or a flipping project, with vacant possession and potential waiting to be unleashed.

Updated on July 29, 2024