40 Fergusson Street, Tokoroa, South Waikato

Nestled in the heart of Tokoroa, South Waikato, at 40 Fergusson Street, lies a charming residential dwelling on a freehold title. This 1968-built home with brick exterior and iron roof presents an average condition both inside and out. It spans across 126 square meters of floor area and is set on a spacious 809 square meter plot. The 3-bedroom, 2-carpark home exudes warmth and practicality with its modern kitchen, open plan living, and cozy ambiance guaranteed by the woodburner and heat pump. The property's Capital Value (CV) has remained stable at $430,000 since 2018, with a zero increase percentage. The HouGarden AVM estimates the property's value at $422,500, while the latest sales history shows transactions at $429,000 in 2020 and $450,000 in 2024, indicating a potential for value appreciation. This family-friendly home is located in a level contour, within a quiet cul-de-sac, and boasts a large double garage with a workshop, perfect for DIY enthusiasts and hobbyists.

From a valuation perspective, the property's consistent CV and recent sale prices reflect a stable investment opportunity. The zero CV increase may be a bonus for buyers seeking a property that has not yet reflected market growth in its government valuation. The HouGarden AVM provides a more recent estimate, hinting at a slightly lower value but still within a competitive range for the area.

For families with children, the property falls within the highly sought-after school zone of David Henry School & Kindy. The school's decile rating and the convenience of educational facilities in the vicinity add significant value to this property. Close to Fergusson St Superette and a short drive to the CBD, this home offers the ideal blend of convenience, comfort, and potential for a smart investment.

Updated on August 21, 2024