25 Lochmaben Road, Tokoroa, South Waikato

This charming property located at 25 Lochmaben Road, Tokoroa, South Waikato, offers a unique blend of country living with close proximity to town amenities. Nestled in the tranquil suburb of Amisfield, surrounded by similar sized lifestyle blocks, this property features a 4 bedroom house with a floor area of 120m2, set on a sprawling 9576m2 (approximately 2 acres) of level land. The house, built in the 1930s, boasts wood wall construction and an iron roof, both in average condition. It comes with a large 3 bay half round steel lock-up shed on a concrete floor, ideal for storage or workshop space. The land is currently used for grazing a few sheep, highlighting the property's potential for agricultural pursuits or even specialty crop cultivation like berry fruits.

Despite its timeless appeal, the property's capital value has remained steady at $560,000 since July 2018, with no increase by July 2021. However, the HouGarden AVM estimates its value at $535,000, while the latest sale on February 22, 2024, saw the property fetching $605,000, indicating a positive market response. This discrepancy in valuations underscores the property's potential for growth and investment.

The property falls within a sought-after school zone, ensuring quality education for residents. While specific school names and decile ratings are not provided, the area is known for its reputable educational institutions, making this an ideal location for families looking for a blend of rural tranquility and educational opportunities.

Updated on April 04, 2024.