51 North Street, Timaru, Timaru

Nestled at 51 North Street, Timaru, this industrial-service property is set on a freehold site, built in 1970 with average concrete walls and iron roofing. It boasts a floor area of 190 square meters and is spread over a land area of 405 square meters, complete with 2 car parks. The property presents an opportunity for investors with a promising CV increase rate.

As per the latest records, the capital value has seen a significant jump from $215,000 in September 2020 to $280,000 in September 2023, indicating a growth percentage of 30.23%. The HouGarden AVM estimates the property's value at $260,000, while the latest sale history shows transactions at $170,000 in 2014 and $295,000 in May 2024.

For families with school-going children, the property falls within the zones of several reputable schools. St Joseph's School (Timaru) is a full primary with a decile rating of 7. Craighead Diocesan School offers secondary education with a decile rating of 9. Other options include Waimataitai School (decile 6), Timaru South School (decile 2), and Roncalli College (decile 7).

Updated on June 26, 2024