40 Morvern Crescent, Tokoroa, South Waikato

Nestled in the serene cul-de-sac of Morvern Crescent, this 1969-built, freehold property offers a promising investment opportunity or a cozy first home. The 3-bedroom, 1-bathroom dwelling with a single carpark spans an area of 81 square meters on an easy-to-moderate rise section of 845 square meters. The exterior boasts weatherboard cladding, timber joinery, and an iron roof in average condition. Inside, an open plan living, dining, and kitchen area provide ample space, complemented by a walk-in pantry and generous storage. The property is insulated top and bottom, with a heat pump heating the lounge, and includes a separate laundry. Currently tenanted at $400 per week, this property has seen a consistent Capital Value (CV) of $345,000 since 2018, with a HouGarden AVM of $335,000. Notably, the latest sales were in 2015 and 2006, both at $90,000, indicating a potential for growth.

With a CV that has held steady over the years, this property presents a secure investment with a CV increase of 0.0%. The HouGarden AVM provides a more recent estimate of the property's worth, making it an attractive prospect for the discerning buyer. The history of the property's sales showcases its long-term value and the opportunity for capital gains in the future.

For families, the property falls within a desirable school zone, with quality educational institutions that rank well in decile scores. This quiet cul-de-sac is an ideal environment for raising a family, providing both a peaceful setting and convenient access to top-notch schools.

Updated on October 10, 2024