2 Eversley Street, Waimataitai, Timaru

2 Eversley Street presents a compelling investment opportunity in Waimataitai, one of Timaru’s most established and desirable residential suburbs. With long-term capital growth averaging 5.01% over the past 20 years, the area has demonstrated consistent performance supported by its proximity to the town centre, coastal amenities, and strong local demand. Waimataitai is particularly popular with families, professionals, and retirees due to its convenient location and well-established community, making it an attractive suburb for both owner-occupiers and tenants.

Rental fundamentals are equally appealing, with the median rent in Waimataitai sitting at $440 per week, while this property has been appraised between $570 and $620 per week, resulting in an estimated gross yield of approximately 5.38%. The significant premium over the suburb median reflects the appeal of modern, well-presented housing, which remains in short supply across many regional centres. Demand for quality rental accommodation continues to be supported by Timaru’s stable employment base and growing appeal as an affordable lifestyle destination.

Location is a key strength of this investment. Residents enjoy easy access to Timaru’s CBD, Caroline Bay, schools, supermarkets, healthcare facilities, and a range of retail and hospitality options. Commuting times across the city are minimal, while the nearby Port of Timaru, industrial precincts, healthcare sector, and education providers support a diverse employment base. The suburb’s coastal setting and proximity to recreational amenities further enhance its appeal to long-term tenants.

Timaru continues to benefit from ongoing investment in infrastructure, port facilities, transport networks, and community amenities, supporting economic activity and population growth across the district. Combined with strong rental returns, proven long-term capital growth, and a highly convenient location, 2 Eversley Street represents a well-balanced investment opportunity offering both reliable income and long-term capital appreciation potential.