16 Lancaster Street, Geraldine, Timaru

Nestled in the coveted Raukapuka neighborhood, this tidy and solid home on 16 Lancaster Street, Geraldine, Timaru, offers a life of convenience and potential. Built in 1956 with freehold title, the property boasts 3 bedrooms, a single carpark, and a floor area of 119 sqm on a sprawling 878 sqm section. The exterior features concrete walls and an iron roof in average condition, while the interior enjoys a galley-style kitchen, an open-plan dining area, a separate lounge with a heat pump, and a large conservatory. The property has seen a significant Capital Value increase of 32%, from $375,000 in 2020 to $495,000 as of 2023. The HouGarden AVM estimates the property at $450,000, while the latest sale was in 2002 for $120,000. Educationally, the property falls within the zone of Geraldine High and Primary Schools, both with a decile rating of 8, and is in close proximity to St Joseph's School (Temuka) and Craighead Diocesan School, offering a range of educational options.

With a large fenced section complete with a glass house, chook house, and storage shed, this home provides ample space for hobbies and outdoor activities. The additional sleepout with power adds flexibility for guests or a home office. There's scope to update the decor to personal taste, making this property an attractive opportunity for those seeking a combination of location, potential, and value.

For families with school-aged children, the property's school zone is a significant plus. Geraldine High School (Year 9-15) and Geraldine Primary School are both highly rated with a decile of 8, ensuring quality education is within easy reach. Other nearby schools include the well-regarded St Joseph's School (Temuka) and Craighead Diocesan School, catering to a range of educational needs and preferences.

Updated on December 18, 2024