32 Walnut Place, Tokoroa, South Waikato

Nestled in the serene Walnut Place of Tokoroa, South Waikato, this residential unit exudes warmth and potential. The 43 square meter unit, with 1 bedroom and 1 bathroom, is governed by a Unit Title. The exterior boasts mixed materials for the walls and tile roofing, both in average condition, while the interior is equipped with double-glazed windows and a heat pump for year-round comfort. This cozy home, built in the early 2000s, promises low maintenance and cost-effectiveness. The latest sale history showcases a significant leap from $35,000 in 2008 to $105,000 in 2018, with a current HouGarden AVM of $205,000 and a stable Capital Value of $220,000 since 2018, indicating a 0.0% CV increase. This unit is not just a comfortable living space; it's also an investment opportunity in a desirable neighborhood, close to the hospital, Lake Moananui, and local amenities. With the added benefit of an attractive rental yield of $250 per week and compliance with the Healthy Homes standards, this unit is perfect for those seeking security, cosiness, and affordability.

Since 2018, the government has valued this property at $220,000, showing a consistent Capital Value that matches the stability of the area. The property's AVM from HouGarden also mirrors this consistency, providing a reliable estimate for potential investors. The history of sales tells a story of growth, from the initial purchase at $35,000 to the last sale at $105,000, highlighting the area's increasing popularity and investment potential.

For families with children, the school zone is a significant plus. This property falls within a highly regarded school district, ensuring access to quality education. The neighborhood's decile rating reflects a commitment to a high standard of living, making it an ideal place to raise a family.

Updated on May 30, 2024