11 Lyall Terrace, Temuka, Timaru

Nestled at 11 Lyall Terrace, Temuka, Timaru, this charming Freehold property presents a delightful opportunity for investors. Constructed in 1910 with mixed materials for the walls and iron for the roof, the dwelling maintains an average condition both inside and out. It boasts 2 bedrooms, 1 bathroom, a single carpark, and a floor area of 87 square meters, all set on a levelled 500 square meter section. The property's capital value has seen a growth of 33.33% from $240,000 in 2020 to $320,000 as of 2023, with HouGarden AVM estimating it at $325,000. Notably, the latest sale history includes a transaction of $300,000 in 2024 and $257,000 in 2021.

For families with school-aged children, the property falls within the catchment area of St Joseph's School (Decile 6), Opihi College (Decile 5), Craighead Diocesan School (Decile 9), and Roncalli College (Decile 7), ensuring access to quality education.

Currently tenanted with a fixed term lease until May 2022, this property offers a stable investment with the added bonus of a compliant log burner and a spacious kitchen, all situated in a quiet cul-de-sac.

Updated on September 18, 2024