1/12 Wallace Street, Kensington, Timaru

Located at 1/12 Wallace Street, Kensington, Timaru, this residential property offers a smart investment opportunity. It features 2 bedrooms, 1 bathroom, and 1 carpark, with a floor area of 102 square meters. The property is a Cross-Lease title and boasts a low-maintenance concrete exterior and an iron roof, both in good condition. Built in 1970, this level-contoured property is described as a solid, sunny front unit with a low-maintenance block exterior and a near-new roof. The living space is complemented by a conservatory and an adjoining kitchen with ramp access. Bedrooms come with built-in wardrobes, and the unit is well-heated by a heat pump, with insulation in the ceiling and underfloor. Additionally, it features easy drive-on access to an internal single garage, with a separate laundry area.

The property's capital value has seen a significant increase, from $290,000 on September 1, 2020, to $375,000 on September 1, 2023, marking a 29.31% growth. The latest sale on February 12, 2024, was at $375,000, up from $272,000 on January 16, 2019. The HouGarden AVM estimates the property's value at $357,500.

In terms of education, the property is zoned for several schools including St Joseph's School (Timaru) with a decile rating of 7, Craighead Diocesan School with a decile of 9, Timaru South School with a decile of 2, and Roncalli College with a decile of 7. These schools offer a range of educational levels from full primary to secondary (Year 7-15 and Year 9-15).

Updated on April 05, 2024.