12 Walter Rodgers Road, Pokeno, Waikato

Positioned in the esteemed suburb of Pokeno, this attractively refurbished dwelling on 12 Walter Rodgers Road boasts a freehold title and presents a compelling investment prospect. The residence, built in 1950 with fibrous cement walls and iron roofing, offers 3 bedrooms, 1 bathroom, and 2 car parks, alongside a generous floor area of 67 square meters on a level plot of 850 square meters. Notably, the property's government-assigned Capital Value (CV) has maintained a stable growth rate, currently valued at $540,000 since the last assessment, showcasing a consistent investment appeal. The HouGarden AVM estimates the property's worth at $495,000, while the latest sale in 2016 reflects a sold price of $401,000, indicating a promising appreciation trajectory.

With a CV increase percentage of 0.0, this property offers security and reliability in a competitive market. It stands as a testament to the area's desirability, further enhanced by its placement in a quiet cul-de-sac, ensuring privacy and tranquility. The property's convenient access to services, proximity to well-regarded educational institutions, such as Tuakau College (Decile 4) and Pokeno School (Decile 4), and the potential for future development make it an even more attractive proposition for both end-users and investors.

Currently tenanted at $620 per week, this property provides a strong rental yield, combining the advantages of a steady income stream with the prospect of long-term capital growth. Whether you're seeking a family home in a reputable school zone or a strategic addition to your investment portfolio, this property is a golden opportunity not to be missed.

Updated on December 16, 2024