12 Browne Street, Parkside, Timaru

Located at 12 Browne Street, Parkside, Timaru, this character home built in 1910 offers a blend of history and potential. With three spacious bedrooms and open plan kitchen and living areas, it presents a good entry-level home or investment opportunity. The property spans a flat 506sqm section, with a floor area of 106sqm, and is constructed with wood walls and an iron roof, both in average condition. It is a freehold property, categorized as Residential - Dwelling, and sits on level ground, making it accessible and easy to manage.

Over the years, the capital value of this property has seen a significant increase, from $295,000 in September 2020 to $370,000 in September 2023, marking a 25.42% growth. The latest HouGarden AVM estimates its value at $362,500. Historical sales data reveals that the property was last sold for $215,000 in November 2012, following a sale for $192,500 in June 2012. This steady growth in value underscores the property's investment potential.

The property is ideally located for families, being in close proximity to several schools. St Joseph's School (Timaru) and Roncalli College, both with a decile rating of 7, offer quality education options for children of all ages. Craighead Diocesan School, with a higher decile rating of 9, caters to secondary students, while Timaru South School, despite its lower decile rating of 2, provides another full primary education option. This variety ensures that families have access to a range of educational opportunities.

Updated on March 27, 2024.