Nestled in the tranquility of a quiet cul-de-sac at 25b Pohutukawa Drive, Tokoroa, South Waikato, this residential unit boasts a comfortable floor area of 70 square meters. Constructed in 1970 with brick walls and an iron roof, both in average condition, the property is set on level contour. It features 2 bedrooms, 1 bathroom, and a single car park, operating under a Cross-Lease ownership type. The open plan living and dining area, accompanied by a sunroom and a separate kitchen, provide a cozy atmosphere. Both bedrooms come with double wardrobes, and the bathroom has been newly modernized with a shower, vanity, and toilet.
Since the last government valuation in July 2021, the capital value has held steady at $290,000, with no increase over the past 3 years. However, the HouGarden AVM estimates the property at $280,000, and recent sales history shows a significant jump from $340,000 in May 2023 to $430,000 in March 2024. This indicates a potential for capital value growth. Perfect for those looking to downsize or start out, this unit is a gem waiting to be polished.
For families with children, the property falls within the catchment area of Tokoroa North School, a contributing school with a decile rating of 3. The convenient location next to Pohutukawa shops adds to the appeal, offering easy access to daily essentials. With a touch of effort and some updating, this sunlit unit is poised to become a delightful home for its new owner.
Updated on April 18, 2024
