20 Morvern Crescent, Tokoroa, South Waikato

Nestled in the tranquility of 20 Morvern Crescent, Tokoroa, this charming freehold property offers a serene escape in the South Waikato region. Constructed in 1969 with wood walls and an iron roof, this recently renovated three-bedroom, one-bathroom residence is a gem for any aspiring homeowner or shrewd investor. The property spans across 809sqm of easy/moderate rise land, providing ample space for outdoor activities. Inside, the modern kitchen with an open-plan dining area invites family gatherings, while the cozy lounge, complete with a built-in gas heater, offers a perfect spot for unwinding. The capital value remains stable at $295,000 since 2018, with a HouGarden AVM of $290,000, reflecting a consistent market evaluation. Historically, the property sold for $25,000 in 2000 and $12,000 in 2001, showcasing a significant appreciation over time. The property's CV increase percentage stands at 0.0%, indicating a stable investment. With a floor area of 81sqm, two carparks, and a well-maintained exterior, this home is not just a dwelling but a statement of easy-care living. The school zone boasts a favorable decile rating, ensuring quality education for the family.

For those seeking an investment with a proven track record and potential for growth, this property presents a compelling case with its zero CV increase, making it an attractive proposition for both first-time buyers and investors. The recent updates, including new carpet and ceiling insulation, along with a replaced ColorSteel roof, add to the property's allure and functionality.

Located in a sought-after school zone, the property is close to esteemed educational institutions, ensuring a bright future for the children. This property is not just a house; it's a foundation for a thriving family life.

Updated on July 18, 2024