36 Otipua Road, Kensington, Timaru

Located at 36 Otipua Road, Kensington, Timaru, this exceptional brick residential dwelling stands as a testament to quality living. Built in 1960, the property boasts a floor area of 148 square meters on a generous land area of 1085 square meters. It features two bedrooms, a spacious sunroom currently used as an additional bedroom, and two single lock-up garages complemented by ample off-street parking. The freehold property is characterized by its level contour, iron roof, and brick walls, both of which are in average condition. Significant updates have been made, including a new kitchen, bathroom, roof replacement, and more, enhancing the open-plan dining and kitchen area that flows seamlessly into the living space. A stunning bathroom with an oversized shower and gorgeous standalone bath, along with a large conservatory used as an extra living area and sunny outdoor decking space, complete this home.

Over the years, the capital value of this property has seen a significant increase, from $415,000 in September 2020 to $510,000 in September 2023, marking a 22.89% rise. The HouGarden AVM estimates its value at $500,000. Historical sales data reveals transactions at $99,500 in July 1994 and $72,000 in August 1989, reflecting the property's appreciating value over time.

The property is ideally located within the school zones of St Joseph's School (Timaru) and Roncalli College, both with a decile rating of 7, Craighead Diocesan School with a decile of 9, and Timaru South School with a decile of 2. These schools offer a range of educational opportunities, from full primary to secondary (Year 7-15 and Year 9-15), ensuring quality education for residents.

Updated on March 22, 2024.