58 Otipua Road, Kensington, Timaru

Introducing a charming residence at 58 Otipua Road, Kensington, Timaru, this property is a testament to the allure of classic architecture combined with the promise of modern living. Built in 1940, the house stands on a generous 809m2 freehold section, boasting a level contour that is both inviting and practical. The exterior, constructed of durable brick with a tile roof, encapsulates timeless elegance, while the interior offers a spacious floor area of 124m2. This home features two double bedrooms complemented by a sunroom, a modern bathroom with a separate shower and toilet, and a spacious kitchen and dining area. The sunny living area, with its ranch slider, ensures a seamless indoor/outdoor flow, making it perfect for entertaining or quiet relaxation. The property's condition is noted as average, yet it holds immense potential for enhancement.

From a financial perspective, the property has demonstrated significant growth, with its capital value increasing from $315,000 in September 2020 to $395,000 in September 2023, marking a 25.4% rise. The latest sale, recorded on January 25, 2024, saw the property fetching $420,000, further underscoring its desirability. The HouGarden AVM estimates the property's value at $377,500, indicating a healthy market perception.

Education is a cornerstone of any family home, and this property does not disappoint. It lies within the zones of several reputable schools, including St Joseph's School (Timaru) and Craighead Diocesan School, both known for their high decile ratings of 7 and 9, respectively. Timaru South School and Roncalli College also serve the area, offering diverse educational opportunities for children of all ages. This home is not just a dwelling but a gateway to a future filled with potential, positioned perfectly to capture the sun and the hearts of those who choose to make it their own.

Updated on April 05, 2024.