39 Saint Andrews Drive, Tokoroa, South Waikato

Nestled on a level contour at 39 Saint Andrews Drive, Tokoroa, South Waikato, this freehold residential dwelling boasts 3 bedrooms, 1 bathroom, and a single carpark. Constructed in 1960 with wood exterior walls and an iron roof, the property presents an average wall condition and a fair roof condition. It spans an 81 square meter floor area on an 801 square meter section. The house features an open plan living area, is heated by a wood burner and a heat pump, and is insulated top and bottom with a wet floor shower bathroom. With a consistent Capital Value of $375,000 since 2018, this property has seen a 0.0% CV increase. It's a perfect investment opportunity with a potential 7% return at the asking price and a current tenant in place paying $530 per week.

History shows the property was sold for $165,000 in 2018 and $113,000 in 2007, with the HouGarden AVM currently valuing it at $347,500. Now, with the change in government and the reinstating of interest deductibility, this is an ideal time to seize the moment and secure a tidy property investment. It's an excellent choice for both investors and first-home buyers, available for quick possession, and certainly won't last long on the market.

For families, the property falls within a desirable school zone with reputable schools, ensuring quality education for children.

Updated on June 18, 2024