16 Pohutukawa Drive, Tokoroa, South Waikato

Nestled on the northern side of Tokoroa at 16 Pohutukawa Drive, this residential dwelling is a perfect gem for first home buyers or investors. Constructed in 1960 with concrete walls and tiled roofing, this freehold property boasts 3 bedrooms, 1 bathroom, and a single car park. The floor area spans 108 square meters on a flat section of 787 square meters, making it ideal for outdoor living. With average wall and roof conditions, the property features a separate lounge for relaxation, a laundry, and a single garage with secure parking. The DVS system and heat pump enhance comfort. Currently tenanted, the property presents a solid investment opportunity with a capital value of $380,000, unchanged since 2018, and a HouGarden AVM of $372,500. The latest sale history shows an increase from $255,000 in 2019 to $390,000 in 2024, indicating a significant growth potential.

From a valuation perspective, the property has experienced a stable capital value with a 0.0% increase over the years. The latest sale price reflects a notable percentage increase, highlighting the investment potential. This is a starter home that won't last long on the market!

For families with children, the property falls within the contributing zone of Tokoroa North School, which has a decile rating of 3. This quiet cul-de-sac is an ideal location for raising a family or for investors seeking a reliable return on investment.

Updated on August 21, 2024