16 Connolly Street, Geraldine, Timaru

This charming 1950s bungalow at 16 Connolly Street, Geraldine, Timaru, offers 2 double bedrooms, a modern bathroom, and ample parking with 2 car parks. The property spans 95m2 of floor area on a generous 1012m2 freehold section. Constructed with wood walls and an iron roof, both in average condition, this residence is a testament to its era. The level contour of the property enhances its appeal, making it an ideal choice for a variety of buyers. Its location in the popular Raukapuka area, coupled with features like a modern kitchen, a spacious lounge with French doors leading to a north-facing patio, and a sunroom, underscores its broad appeal. Additionally, the property is fully insulated, boasts a heat pump, and has a private, well-landscaped backyard complete with a double garage and fruit trees.

The property has seen a significant increase in capital value, from $380,000 in September 2020 to $500,000 in September 2023, marking a 31.58% growth. The latest sale in January 2024 fetched $537,000, demonstrating the property's increasing market value. The HouGarden AVM estimates the property's value at $480,000, indicating its potential for further growth.

Located within excellent school zones, this property offers access to Geraldine High School and Geraldine Primary School, both with a decile rating of 8, St Joseph's School (Temuka) with a decile of 6, Craighead Diocesan School with a decile of 9, and Roncalli College with a decile of 7. These schools provide a range of educational opportunities for families looking to invest in their children's future.

Updated on April 06, 2024.