101 Manaia Street, Tokoroa, South Waikato

This solid brick home at 101 Manaia Street, Tokoroa, South Waikato, offers a blend of functionality and character, making it an ideal choice for families and investors alike. The property features three double bedrooms, one bathroom, and accommodates two vehicles with its separate garages. Spanning a floor area of 130sqm on a generous 905sqm freehold section, the house is complemented by iron roofing and brick walls, both in average condition, reflecting its 1960s construction. The level contour of the property adds to its appeal, providing a family-friendly setting. The interior boasts modern conveniences such as a heat pump, a kitchen equipped with the latest appliances, and a sunny, elevated lounge that opens onto a patio. Additional comforts include built-in wardrobes in all bedrooms, a gas infinity hot water system, and a private deck perfect for entertaining.

The property's capital value has remained steady at $455,000 since 2018, with a recent HouGarden AVM estimate at $437,500. Despite this, the latest sale on January 15, 2024, reached $430,000, marking a significant increase from its previous sale price of $165,000 in March 2016. This demonstrates the property's solid investment potential, especially considering the possibility of adding a second dwelling on the large section, subject to council consent.

Located within easy walking distance to schools, shops, and the town centre, this home is not only conveniently situated but also falls within a sought-after school zone, ensuring a quality education for children. The property's blend of classic charm and modern amenities, combined with its strategic location, makes it a compelling option for those looking to invest in a family-friendly neighbourhood.

Updated on April 05, 2024.