Sold
10 Sarah Street,
Seaview, Timaru District
NZD 1,150,000
Property details
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Agents
Ray White Timaru: Michelle Greer Real Estate Limited Licensed (REAA 2008)
32 Church Street, Timaru Timaru District 7910
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Investors Rejoice!
Standing proud and full of potential, this solid two-storey block of flats is your next step toward reliable weekly passive income. If your returns sitting in the bank are falling short of your expectations, it's time to take action and transfer your capital into an appreciating asset with real-world impact.
Offering six fully self-contained flats-five generous two-bedroom units and one tidy one-bedroom-this property is nearly fully tenanted, with one flat purposefully left vacant to allow easy access for viewing and selling. The interiors have been modernised and are fresh and comfortable, and four of the showers have been recently upgraded, adding comfort and value. Double glazing and heat pumps in every unit boost the appeal for tenants and help ensure consistent rental returns all year round.
The location is unbeatable- just a short walk to town and the stunning Caroline Bay. Picture summer evening strolls along the beach followed by dinner at your favourite local restaurant. Tenants love the convenience, and landlords love happy tenants. Plus, with off-street parking both front and rear, the practicality of this property is hard to beat.
This is your chance to consolidate your rental portfolio with a rare block that also comes with a current rental Warrant of Fitness. Opportunities like this don't come around often. Secure it now and watch your investment work for you.
The Rent:
1/10 - $450, Tenancy Is Periodic, Rent increase took effect 13/05/2025.
2/10 - 1 bedroom is currently vacant and available for viewing. Rent was estimated at $400.
3/10 - $420, Fixed Tenancy until 10/10/2025.
4/10 - $420, Fixed Tenancy until 01/08/2025.
5/10 - $400, Tenancy Is Periodic, Rent last increased 15/11/2024
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
Offering six fully self-contained flats-five generous two-bedroom units and one tidy one-bedroom-this property is nearly fully tenanted, with one flat purposefully left vacant to allow easy access for viewing and selling. The interiors have been modernised and are fresh and comfortable, and four of the showers have been recently upgraded, adding comfort and value. Double glazing and heat pumps in every unit boost the appeal for tenants and help ensure consistent rental returns all year round.
The location is unbeatable- just a short walk to town and the stunning Caroline Bay. Picture summer evening strolls along the beach followed by dinner at your favourite local restaurant. Tenants love the convenience, and landlords love happy tenants. Plus, with off-street parking both front and rear, the practicality of this property is hard to beat.
This is your chance to consolidate your rental portfolio with a rare block that also comes with a current rental Warrant of Fitness. Opportunities like this don't come around often. Secure it now and watch your investment work for you.
The Rent:
1/10 - $450, Tenancy Is Periodic, Rent increase took effect 13/05/2025.
2/10 - 1 bedroom is currently vacant and available for viewing. Rent was estimated at $400.
3/10 - $420, Fixed Tenancy until 10/10/2025.
4/10 - $420, Fixed Tenancy until 01/08/2025.
5/10 - $400, Tenancy Is Periodic, Rent last increased 15/11/2024
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
Explore the area
School catchments
- Sacred Heart School (Timaru) Full primary Years 1-8 State integrated 0.89km
- Waimataitai School Full primary Years 1-8 State 0.94km
- Roncalli College Secondary Years 9-15 State integrated 0.99km
- Timaru Girls' High School Secondary Years 9-15 State 1.3km
- Timaru Boys' High School Secondary Years 9-15 State 1.5km
- Timaru South School Full primary Years 1-8 State 1.6km
- Bluestone School Full primary Years 1-8 State 1.7km
- Craighead Diocesan School Secondary Years 7-15 State integrated 1.8km
- Timaru Christian School Composite Years 1-10 State integrated 1.8km
- Oceanview Heights School Full primary Years 1-8 State 2.0km
- Grantlea Downs School Full primary Years 1-8 State 2.3km
- St Joseph's School (Timaru) Full primary Years 1-8 State integrated 2.4km
- Highfield School Full primary Years 1-8 State 2.7km
- Mountainview High School Secondary Years 9-15 State 2.9km
- Gleniti School Full primary Years 1-8 State 4.4km
- Barton Rural School Full primary Years 1-8 State 6.2km
- Beaconsfield School Full primary Years 1-8 State 10.3km
- Arowhenua Maori School Full primary Years 1-8 State 15.6km
- St Andrew's School (Timaru) Full primary Years 1-8 State 15.7km
- Temuka Primary School Primary Years 1-6 State 16.7km
- Opihi College Secondary Years 7-15 State 17.6km
- Geraldine High School Secondary Years 7-15 State 33.6km
- Waimate High School Secondary Years 7-15 State 41.3km
- Mackenzie College Secondary Years 7-15 State 46.7km
- Ashburton Christian School Composite Years 1-10 State integrated 68.1km
- Ashburton College Secondary Years 9-15 State 68.7km
- St Kevins College (Oamaru) Secondary Years 9-15 State integrated 77.5km
- Waitaki Boys' High School Secondary Years 9-15 State 78.5km
- Waitaki Girls' High School Secondary Years 9-15 State 80.2km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
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Contact Michelle Greer
Contact Michelle Greer
Michelle Greer
10 Sarah Street, Seaview 7910
Request a callback
Michelle Greer
10 Sarah Street, Seaview 7910