6 Ellesmere Place, Oceanview, Timaru

Nestled in the serene cul-de-sac of Ellesmere Place, this fully renovated 3-bedroom, 1-bathroom residence boasts an impressive capital value growth of 29.17% over the past three years. Constructed with durable brick walls and an iron roof, this 200sqm home on a cross-lease title is a perfect blend of modern comfort and timeless elegance. The property, built in 1996, features a heat pump, pellet fire, and is tastefully decorated with an open plan kitchen/dining/lounge that leads to a spacious covered patio. It includes a carpark with automatic garage door opener, all set on an elevated site close to the Showgrounds Shopping Centre and top-rated schools. The government's current capital value assessment stands at $465,000, closely matching the HouGarden AVM of $432,500. Notably, the property sold for $450,000 in June 2021 and $229,000 in March 2011, indicating a steady rise in value.

For families with school-aged children, the property falls within the zones of St Joseph's School (Decile 7), Mountainview High School (Decile 6), Grantlea Downs School (Decile 5), Craighead Diocesan School (Decile 9), and Roncalli College (Decile 7), ensuring access to quality education.

With such a robust CV increase and a prime location, this property is not just a home but a sound investment for the future.

Updated on May 15, 2024