Nestled at 20 Melrose Place, in the serene Tokoroa, South Waikato, this residential dwelling on a freehold title boasts a charming presence. Constructed in 1960 with wood exterior walls and an iron roof, the property presents an average condition both inside and out. It stands level on the contour, offering a floor area of 100 square meters and a land area of 857 square meters. The layout includes 3 bedrooms, 1 bathroom, and a single carpark, insulated top to bottom with a heat pump for comfort. This home is well-fenced and features a large living area, along with a double garage and an attached extra room, currently tenanted at $550 per week, promising a gross return over 7.5% at the asking price. The property has seen no change in its capital value since 2018, holding steady at $390,000, while the HouGarden AVM estimates it at $372,500. The latest sale was recorded on 2018-09-26 at $198,000, indicating a potential for value appreciation.
As for the government's valuation, the capital value has remained unchanged from the 2018 figure of $390,000, showing a CV increase of 0.0%. This stability, combined with the property's features, makes it an attractive investment opportunity in Melrose Place.
For families with children, the school zone is a significant plus. The property falls within a highly regarded decile, ensuring access to quality education. This quiet cul-de-sac is an ideal location for raising a family, with schools and educational facilities nearby.
Updated on May 02, 2024
Name | Distance | 类型 | Year | 属性 | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Strathmore School | 0.60 km | 小学 | 1-6 | 公立学校 | 男女混校 | EQI: 527 | 1 | |
Tokoroa High School | 0.74 km | 中学 | 9-15 | 公立学校 | 男女混校 | EQI: 521 | 2 | |
Bishop Edward Gaines Catholic School | 0.87 km | 小学 | 1-8 | 公立学校 | 男女混校 | EQI: 462 | 2 | |
Tokoroa Central School | 0.90 km | 小学 | 1-6 | 公立学校 | 男女混校 | EQI: 539 | 1 | |
Tokoroa Intermediate | 0.92 km | 中学 | 7-8 | 公立学校 | 男女混校 | EQI: 514 | 2 | |
David Henry School | 1.30 km | 小学 | 1-6 | 公立学校 | 男女混校 | EQI: 535 | 1 | |
TKKM o Te Hiringa | 1.41 km | 小学 | 1-8 | 公立学校 | 男女混校 | EQI: 526 | 2 | |
Amisfield School | 1.45 km | 小学 | 1-8 | 公立学校 | 男女混校 | EQI: 494 | 4 | |
Cargill Open Plan School | 1.50 km | 小学 | 1-6 | 公立学校 | 男女混校 | EQI: 510 | 2 | |
Tainui Full Primary School | 1.81 km | 小学 | 1-8 | 公立学校 | 男女混校 | EQI: 523 | 2 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
0.09 km | 3 | 2 | 87m2 | 2024年04月10日 | $530,000 | Council approved | ||
0.30 km | 2 | 1 | 81m2 | 2024年02月02日 | $325,000 | Council approved | ||
0.15 km | 3 | 1 | 76m2 | 2024年01月19日 | $288,000 | Council approved | ||
0.29 km | 3 | 1 | 95m2 | 2023年11月27日 | $350,000 | Council approved | ||
0.34 km | 3 | 1 | 100m2 | 2023年11月14日 | - | Council approved |