50b Jellicoe Street, Oceanview, Timaru

Nestled in the serene Jellicoe Street of Oceanview, Timaru, this vacant residential plot on a freehold title offers a promising opportunity for new home construction. The site, with an area of 2305 square meters, boasts an easy to moderate fall contour, providing a versatile foundation for your dream home. While the specifics of the wall and roof construction remain unknown, the property's potential is undeniable, especially with the utilities and services already in place. This large site is strategically located, mere steps from the new Showgrounds complex, amidst rapid development in the area.

As per the latest government valuation, the capital value has seen a decrease of 21.43% from $280,000 in 2020 to $220,000 as of 2023. However, the HouGarden AVM estimates the value at $280,000, and the most recent sale in 2024 was for $200,000. This could present a lucrative investment, considering the area's growth trajectory.

For families with school-aged children, the property falls within the zones of several reputable schools. St Joseph's School (Timaru) and Mountainview High School, both with good decile ratings, are among the options. Grantlea Downs School, Craighead Diocesan School, and Roncalli College also serve the area, offering a range of educational opportunities for students of different ages.

Updated on September 04, 2024