1 Hermiston Place, Tokoroa, South Waikato

Nestled at 1 Hermiston Place, a charming 3-bedroom, 1-bathroom residence with a single carpark, presents a compelling investment opportunity on a spacious 1085 sqm freehold section. Constructed in 1950 with wood walls and a fibrous cement roof, this property boasts average conditions and a level contour. It's a perfect blend of classic charm and modern comfort, featuring a wood burner, insulated ceiling, and underfloor. Conveniently located, it's a short stroll to the New World supermarket. The property's capital value has remained stable since 2018 at $335,000, with a recent HouGarden AVM of $330,000. Notably, the latest sales were recorded at $355,000 in 2024 and $252,000 in 2020, indicating a significant increase. Don't miss this chance to add to your portfolio.

When it comes to the government's valuation, there has been no change since 2018, reflecting a 0.0% increase. However, the property's potential is undeniable, as evidenced by the recent sales figures. This is a solid investment in a quiet cul-de-sac, ready for your personal touch.

For families, the school zone is a significant draw. With a decile rating that reflects its quality, the local school network is an added bonus to this already attractive property. Secure your future in this desirable location.

Updated on August 07, 2024