12 Glendevon Place, Tokoroa, South Waikato

Nestled in the tranquility of a quiet cul-de-sac at 12 Glendevon Place, Tokoroa, this 1960-built, freehold property boasts a modest yet functional layout with 3 bedrooms, 1 bathroom, and a single carpark. Constructed with wooden walls and an iron roof, the dwelling sits on an 809sqm section with an easy/moderate rise contour, offering an enclosed carport and a garage for added vehicle storage. Inside, the residence features a separate lounge, dining, and kitchen equipped with standard appliances, while the exterior presents a well-maintained facade and a deck that surveys the backyard. With modern amenities such as a heat pump, a free-standing log fire, and double-glazing, the property has a current government valuation (CV) of $325,000, unchanged since 2018, indicating a stable investment. The HouGarden AVM estimates the property's worth at $315,000, with a notable sales history - the latest being in 2016 for $127,000 and in 2001 for $43,500.

Despite the CV remaining static, the property's appeal is enhanced by a consistent rental appraisal of $460.00 - $480.00 per week, making it an attractive opportunity for investors. Moreover, the capital value growth percentage stands at 0.0%, suggesting a stable property market in the area.

For families, the property falls within a desirable school zone, with quality educational institutions and a favorable decile rating, ensuring a sound investment in your children's future.

Updated on April 11, 2024