Your Local Suburb Guide - WASHDYKE 12 May 2021

Page created by Chester Perry
 
CONTINUE READING
Your Local Suburb Guide - WASHDYKE 12 May 2021
WASHDYKE
                                                                       12 May 2021

             Your Local Suburb Guide

Boss Parkhill                                            POWERED BY:
Blackham & Co Real Estate Ltd -
027 879 8789
boss.parkhill@harcourts.co.nz • www.bossparkhill.co.nz
Your Local Suburb Guide - WASHDYKE 12 May 2021
What’s happening in your local market?                                       WASHDYKE
Recent Sales across all agent brands

Market Snapshot

       SOLD

         3                        $0                    0%                            NA
       Total                   Median           Monthly Increase                   Median
       Sales                  Sales Price       In Median Price                  Days To Sell

Rental Snapshot

                                                      RENTED

       $350                     4.2%                     9
   Median Asking                Rental               Number
    Weekly Rent                  Yield              Of Rentals

Overview
If you'd bought a home three years ago in
Washdyke, Timaru you'd have paid $0 in 2018,
while in 2021 the same property now costs $0.

                                                                        Boss Parkhill
                                                            Blackham & Co Real Estate Ltd -
                                                027 879 8789 boss.parkhill@harcourts.co.nz
Your Local Suburb Guide - WASHDYKE 12 May 2021
Market Performance                                                                                             WASHDYKE

Median Sales Price                                                            What’s happening in our market?
 $500,000                                                                     The top price achieved for Washdyke, Timaru over
 $450,000
                                                                              the past 3 months has been 28 Flemington Street in
 $400,000
                                                                              March, which sold for $675,000.
 $350,000
 $300,000
                                                                              The most affordable Washdyke, Timaru property to
 $250,000                                                                     sell for the same time period was 8 Martin Street
 $200,000                                                                     which went for just $250,000 on 09 April.
 $150,000
 $100,000
  $50,000                                                                     Sales and rentals
  $-50,000
                                                                              There have been 3 properties sold in Washdyke,
             Jul-19   Oct-19   Jan-20   Apr-20   Jul-20   Oct-20   Jan-21     Timaru over the past 12 months, totalling $1,809,000.
                                                                              When you calculate that against the current median
Median Rent                                                                   sales price, the rental return is currently 4.2%.

     $400                                                                     Why are these stats so important?
     $350

     $300                                                                     The default period for data capture in this report is 12
     $250                                                                     months unless otherwise stated and the report uses
     $200                                                                     median prices which is the ‘middle’ price of a dataset
     $150                                                                     captured over time. Medians are regarded statistically
     $100                                                                     as more reliable than an average as it is not skewed
      $50                                                                     by pricing extremes. It is always valuable to look at
                                                                              the types of properties that are selling in the suburb
     $-50                                                                     to get an understanding of the quality of homes and
                Jan-20                                                        their features that are selling at different price points.

Suburb Comparison Median Sales Price What’s my property worth?
Oceanview                                                          $431,000   The information provided in this report is general in
                                                                              nature. Growth rates are provided for guidance and
Washdyke Flat                                                            NA   based on the historical performance of the suburb
Waimataitai                                                        $375,000   and are not a guarantee of future performance. To
Marchwiel                                                          $385,000   understand what your property is worth, don't hesitate
                                                                              to get in touch for a free appraisal so that we can
                                                                              discuss how the market's current performance is
                                                                              specifically relevant to your home.
Number of Properties Sold
       6.5

       6.0

       5.5

       5.0

       4.5

       4.0

       3.5

       3.0

             Jul-19   Oct-19   Jan-20   Apr-20   Jul-20   Oct-20   Jan-21

                                                                                                          Boss Parkhill
                                                                                             Blackham & Co Real Estate Ltd -
                                                                                 027 879 8789 boss.parkhill@harcourts.co.nz
Your Local Suburb Guide - WASHDYKE 12 May 2021
Recent Sales across all agent brands                             WASHDYKE

                                                                  SOLD                                        SOLD

                                   28 Flemington Street       26 Mar 2021      262 Hilton Highway         04 Sep 2020
                                   Section: 893 m²        Building: 219 m²     Section: 1120 m²       Building: 110 m²

                                   $675,000               4 Bed 2 Bath 2 Car   $365,000               3 Bed 1 Bath 2 Car

                                                                  SOLD

                                   11 Ascot Street           11 May 2020
                                   Section: 779 m²        Building: 146 m²

                                   $769,000               3 Bed 2 Bath 4 Car

Powered by TCPDF (www.tcpdf.org)
Your Local Suburb Guide - WASHDYKE 12 May 2021
Boss Parkhill
                                                           boss.parkhill@harcourts.co.nz
                                                                      027 879 8789

                                                          Blackham & Co Real Estate Ltd -
                                                               41 Sophia Street, Timaru
                                                                www.bossparkhill.co.nz

Statistics shown are for a rolling 12 month period up to the end of the month. This report includes sales
statistics up to 31 Mar 2021, and for rental statistics up to 30 Sep 2020. Listings photos sourced from
Realestate.co.nz.
Disclaimer: This report is intended for general information purposes only. This report and the information
contained in this report is under no circumstances intended to be used or considered as legal, financial
or investment advice. The material in this report is obtained from various sources (including third parties)
and REINZ does not warrant the accuracy, reliability or completeness of the information provided in this
report. REINZ does not accept responsibility or liability for any omissions or, inaccuracies in this report or
the information provided in this report, or for any losses incurred, either directly or indirectly, by any person   POWERED BY:
arising from or in connection with the supply, use or misuse of the whole or any part of this report. Any third
party data or analysis in this report does not necessarily represent the views of REINZ. When referring to
this report or any information contained in this report, you must cite REINZ as the source of the information.
REINZ reserves the right to require that you immediately withdraw from publication any document that fails
to cite REINZ as the source.
You can also read