Nestled in a quiet cul-de-sac at 30 Somerset Street, Watlington, Timaru, this residential property boasts a freehold title and a purpose-built design for rental flats. Constructed in 1950 with mixed materials for the walls and iron for the roof, the building stands on a level contour with a land area of 1131 square meters and a floor area of 200 square meters. The property currently features two 3-bedroom apartments with open plan living that flows out to north-facing verandas, basking in sunlight throughout the day. It's a wise investment, currently returning over 8% and demanding serious consideration from astute investors.
As for the property's valuation, the capital value has seen a remarkable increase of 26.32% from $285,000 in September 2020 to $360,000 in September 2021. The HouGarden AVM estimates the property's worth at $342,500, while the latest sale history shows a significant leap from $290,000 in September 2020 to $570,000 in February 2024.
When it comes to education, 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 is a secondary school (Year 7-15) with a decile rating of 9, Bluestone School is a full primary with a decile rating of 5, and Roncalli College is a secondary school (Year 9-15) with a decile rating of 7.
Updated on April 10, 2024
街道地址 | 距離 | 房間數 | 浴室數 | 建築面積 | 售出時間 | 售出價格 | 數據來源 | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 3 | 1 | 110m2 | 2024年04月12日 | $590,000 | Council approved | |
 | 2.02 km | 3 | 1 | 110m2 | 2024年03月13日 | $430,600 | Council approved | |
0.06 km | 1 | 1 | 50m2 | 2024年02月16日 | $279,000 | Council approved | ||
 | 2.01 km | 3 | 1 | 90m2 | 2024年01月15日 | $385,000 | Council approved | |
 | 0.27 km | 3 | 1 | 150m2 | 2023年12月01日 | $510,000 | Council approved |