1 George Place, Tokoroa, South Waikato

Nestled at the end of a serene cul-de-sac, 1 George Place, a residential dwelling in Tokoroa, South Waikato, presents a promising opportunity for first home buyers, investors, and developers alike. This freehold property, built in 1970, boasts a solid brick exterior and an iron roof in good condition. It features 3 bedrooms, 1 bathroom, a single carpark, a level contour, and a floor area of 99 square meters on a generous land area of 903 square meters. With a potential for subdivision (subject to council approval), this property is not only a healthy home but also a smart investment, currently tenanted at $460 per week, offering over a 6% gross return at the asking price. There's ample scope to add value to this already attractive property.

Since the latest sale in 2014 for $77,000, the capital value has remained stable with a CV of $300,000 as of July 2021 and HouGarden AVM of $290,000, indicating a CV increase of 0.0%. This consistency in valuation is a testament to the property's enduring appeal and investment potential.

For families, the property falls within a desirable school zone. With excellent educational facilities and a high decile rating, the area ensures access to quality schooling for children of all ages.

Updated on October 04, 2024