16 George Place, Tokoroa, South Waikato

Nestled at 16 George Place, Tokoroa, in the serene South Waikato, this residential dwelling is a charming representation of comfortable living. Constructed in 1972 with a freehold title, the property boasts a fibrous cement exterior and an iron roof, both in average condition. It offers 3 bedrooms, 2 carparks, and a generous floor area of 105 square meters on a land size of 708 square meters, set on an easy to moderate rise contour. The well-appointed open plan living area ensures a modern lifestyle, complemented by the Healthy Homes compliance work already undertaken.

From a financial perspective, the property's Capital Value has remained stable at $365,000 since 2018, with a HouGarden AVM of $357,500. Notably, the latest sale history shows an increase from $160,000 in 2016 to $215,000 in 2018, indicating a promising investment opportunity with a potential over 7% gross return at the asking price. Currently tenanted at $545 per week, this property is an attractive prospect for both investors and first-time homebuyers.

For families with educational considerations, this property falls within a highly regarded school zone, ensuring access to quality education. The nearby schools are known for their high decile ratings and contribute to the overall appeal of this property in a quiet cul-de-sac street.

Updated on August 05, 2024