3 Kotare Place, Tokoroa, South Waikato

Located at 3 Kotare Place, Tokoroa, South Waikato, this residential dwelling boasts a spacious floor area of 120m2 on a generous land area of 832m2. The property, built in 1968, features 4 bedrooms, a bathroom, and a carpark. It is constructed with wood walls and a tile roof, both in average condition. The property contour is described as an easy/moderate rise, and it holds a Freehold ownership type. The home is well-equipped for comfort with insulation, a heat pump, and a HRV system to maintain a dry environment. Recent upgrades include a new Colorsteel roof and solar panels to reduce living costs, and an extended, insulated garage that offers additional space.

The capital value of the property has remained stable at $420,000 since July 2018, with a HouGarden AVM estimate of $412,500. Despite the stable CV, the property has seen significant improvements. The latest sale records show transactions at $150,000 in July and August 2012. The property offers a 6.65% return on investment, with a current rental income of $585, set to increase to $600 in February.

For families, the property is zoned for Tainui Full Primary School, which is a decile 2 full primary school. This home is not just a dwelling but a space full of potential for creating lasting memories, all while being situated in a quiet cul-de-sac for added privacy and tranquility.

Updated on March 25, 2024.