87 North Street, Timaru, Timaru

Nestled on the fringe of Timaru's bustling CBD, this charming townhouse at 87 North Street boasts a prime location and a site that offers convenience at every turn. Constructed in 1994 with robust brick walls and an iron roof, both in good condition, this residential unit is part of the ownership home units category on a level contour. It features 2 cozy bedrooms, a single bathroom, a carpark, and a floor area of 100 square meters. The property is held under a Cross-Lease title, ensuring a low-maintenance lifestyle with an easy-care garden. Inside, the warmth of a heat pump complements a cozy living room, a conservatory, and a functional kitchen perfect for daily living or entertainment.

With a Capital Value (CV) of $480,000 as of September 1, 2023, the property has shown a remarkable growth of 39.13% since September 1, 2020. The HouGarden AVM estimates the property's value at $485,000, closely matching the latest sale price of $450,000 on August 16, 2024, a significant increase from the $52,000 sale in 2001. This townhouse presents a golden opportunity for investors or those looking to downsize.

For families with school-aged children, the property falls within the zones of several reputable schools. St Joseph's School (Timaru) and Craighead Diocesan School, both with high decile ratings of 7 and 9 respectively, offer quality education. Additionally, Waimataitai School, Timaru South School, and Roncalli College are also within reach, catering to various educational stages and needs.

Updated on October 02, 2024