137 Otipua Road, Watlington, Timaru

Nestled in the tranquility of 137 Otipua Road, Watlington, Timaru, this charming residence boasts a freehold title on a level plot of 903 square meters. Constructed in 1930 with robust brick walls and an iron roof in good condition, this three-bedroom home offers a floor area of 150 square meters. It features a tidy bathroom, a spacious open plan kitchen & dining area, an adjacent separate living space, a cozy logfire, and a sunroom. The property also includes a double garage and off-street parking for two cars. Over the years, the capital value has shown a significant increase of 25%, from $340,000 in 2020 to the current $425,000, with the HouGarden AVM estimating it at $427,500.

Reflecting a promising investment, the property's CV growth outpaces the market average. The recent sale history and the AVM valuation indicate a solid return on investment. This is a home that has been loved by the vendor for many years, now waiting for a new owner to continue its legacy.

For families with school-aged children, the property falls within the zones of St Joseph's School (Timaru), a full primary with a decile rating of 7, Craighead Diocesan School, a secondary school with a decile rating of 9, Bluestone School, a full primary with a decile rating of 5, and Roncalli College, a secondary school with a decile rating of 7. These educational institutions offer a range of options for quality education.

Updated on September 27, 2024