40 Grasmere Street, Waimataitai, Timaru

Nestled in the convenient locale of Grasmere Street, Waimataitai, Timaru, this freehold property boasts a charming residential dwelling built in 1923. The home features 3 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 98 square meters on a levelled 736 square meter section. The exterior walls are constructed of wood, in average condition, while the roof, made of iron, is also in average condition. This property presents an opportunity for growth, with a CV of $410,000 as of September 2023, showing a significant increase of 28.125% from its $320,000 valuation in 2020.

Recent market activity includes a HouGarden AVM of $392,500 and a latest sale on August 20, 2024, for $455,000, following a sale on March 18, 2019, for $304,000. These figures reflect a promising trend in the property's capital value appreciation.

For families with school-aged children, the property falls within the decile 7 St Joseph's School zone and is in close proximity to Mountainview High School (decile 6), Craighead Diocesan School (decile 9), Waimataitai School (decile 6), and Roncalli College (decile 7). This makes it an ideal investment for those seeking quality education in a serene environment.

Updated on October 25, 2024