50 Grey Road, Timaru, Timaru

Nestled at 50 Grey Road, Timaru, this residential ownership home unit boasts 2 bedrooms and 1 carpark. Constructed in 1993 with brick walls and an iron roof, both of which are in good condition, this property sits on a level contour. It is a cross-lease title and has a floor area of 102 square meters. Notably, the capital value has seen a significant increase from $365,000 in 2020 to $440,000 as of 2023, marking a growth of 20.5%.

As for the valuation, the HouGarden AVM estimates the property at $422,500, while the latest sale records from 2024 show a transaction at $481,000, following a previous sale in 2015 at $300,000.

When it comes to the school zone, this property is served by St Joseph's School (Timaru), a full primary with a decile rating of 7. Additionally, Craighead Diocesan School, a secondary school with a decile rating of 9, and Waimataitai School, a full primary with a decile rating of 6, are also in close proximity. Roncalli College, a secondary school with a decile rating of 7, rounds out the list of esteemed educational institutions in the area.

Updated on April 10, 2024