5/88 Le Cren Street, Seaview, Timaru

Nestled in a serene cul-de-sac at 5/88 Le Cren Street, Seaview, Timaru, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1974 with concrete walls and tiled roofing, both in good condition, the property sits on a level contour. The 90sqm floor area is warmed by a heat pump, and the layout allows for a seamless transition from the kitchen to the spacious lounge. With a CV of $290,000 as of September 2023, it has seen a 32.18% increase since 2020. The property is a cross-lease, and the latest sale was in 2019 for $195,000, with HouGarden AVM currently valuing it at $285,000. Perfect for investors or owner-occupiers, it's priced to sell and offers an easy-care lifestyle.

As for the government valuation, the property has shown a strong capital value growth. The latest CV reflects a significant increase from $220,000 in 2020, a jump that's sure to catch the eye of savvy investors. The quiet location is complemented by the convenience of being just a short walk to town and the attractions of Caroline Bay.

For families, the school network is a key highlight. Within the zone are St Joseph's School (Decile 7), Craighead Diocesan School (Decile 9), Waimataitai School (Decile 6), Bluestone School (Decile 5), and Roncalli College (Decile 7). These institutions provide a range of educational options for children of all ages.

Updated on August 12, 2024