53 Morvern Crescent, Tokoroa, South Waikato

Nestled on a serene cul-de-sac at 53 Morvern Crescent, Tokoroa, South Waikato, this charming residential dwelling, built in 1969, offers a warm invitation to potential homeowners and investors alike. The 3-bedroom, 1-bathroom, and 2-car park property boasts a floor area of 98 square meters on a generous 832 square meter freehold section. The Iron roof and Wood exterior walls are both in average condition, complemented by an easy-to-moderate rising contour that adds to the property's appeal. With an open plan living space that extends to a covered back deck, a single garage with additional space, and a gross return of over 7.4% per annum at the asking price, this home is not just a place to live but also a sound investment.

As per the latest government valuation in July 2021, the property holds a Capital Value of $325,000, unchanged from the previous valuation in July 2018, indicating a stable investment. However, the HouGarden AVM estimates the property's worth at $315,000. Notably, the property's latest sale history includes transactions in 2008 for $125,000 and in 2005 for $86,000, showcasing a promising growth trajectory.

For families with children, the property falls within a desirable school zone. With a focus on education, the local schools boast impressive decile ratings, ensuring a quality education for your children. Move in on Morvern Crescent, where a warm home and a bright future await.

Updated on April 17, 2024