22 Esk Crescent, Tokoroa, South Waikato

Nestled in the serene cul-de-sac of 22 Esk Crescent, Tokoroa, South Waikato, this freehold property presents a compelling investment opportunity. Constructed in 1950 with wood exterior walls and an iron roof, this residential dwelling offers 3 bedrooms, 1 bathroom, and a single carpark, spread across a comfortable floor area of 76m2. The property sits on a generous 1131m2 section with an easy/moderate fall contour, providing a spacious backyard prime for potential subdivision, subject to resource consent. Notably, the property has maintained an average condition in both walls and roof, with modern interior renovations and a cozy pellet fire for heating.

From a financial perspective, the property has a government valuation (CV) of $280,000 as of July 2021, unchanged from the 2018 valuation. However, the HouGarden AVM reflects the same value, while the latest sales history shows a significant increase from $220,000 in September 2020 to $331,000 in July 2024, indicating a growth percentage that may attract the attention of savvy investors. With a rental appraisal of $460-$480pw, this property holds the potential for both capital gain and steady rental income.

For families, the property falls within a desirable school zone, enhancing its appeal with access to well-rated educational institutions. This combination of investment potential, convenient location, and family-friendly amenities makes it a great opportunity not to be missed.

Updated on September 04, 2024