17 Cairngorm Place, Tokoroa, South Waikato

Nestled in the serene Cairngorm Place, a freehold property awaits your attention. This three-bedroom, one-bathroom residence, built in 1969 with wood walls and iron roofing, offers a floor area of approximately 98 square meters on a generous 809 square meter section. The property has seen an average condition maintained both in walls and roof, with modern amenities like a heat pump and HRV system for climate control. The galley kitchen merges with the dining area, while a large covered deck provides a perfect spot for leisure. Historically, the capital value has remained stable at $300,000 since 2018, with a recent HouGarden AVM estimate of $305,000. The latest sale on August 23, 2024, was at $316,000, indicating a potential growth opportunity. With a CV increase of 0.0%, this property presents a secure investment in a market where property investment tax rules have been relaxed.

For families, the property falls within a desirable school zone, ensuring access to quality education. The property's location in a quiet cul-de-sac street adds to its appeal, providing a peaceful environment for residents.

Given the property's solid construction, popular appeal in the Tokoroa investment market, and the seller's willingness to consider offers over $310,000, this is an exciting opportunity not to be missed.

Updated on September 04, 2024