167 Balmoral Drive, Tokoroa, South Waikato

Nestled in a quiet cul-de-sac at 167 Balmoral Drive, Tokoroa, South Waikato, this 1969-built residence boasts a freehold title on a 941m2 section with an easy/moderate rise contour. The north-facing property enjoys all-day sun and offers 3 spacious bedrooms, 1 bathroom, a combined kitchen and dining area, and an extended lounge, resulting in a generous 93m2 floor area. The iron roof and wooden exterior walls are in average condition, complemented by a single car garage and a large deck off the lounge. This cozy home, with a current government valuation of $350,000, has seen no increase in capital value since 2018. However, the HouGarden AVM estimates it at $352,500, and with a recent sale in 2020 for $110,000, it presents a great opportunity for first home buyers or investors. Located in a desirable school zone, it's perfect for families.

Since the property is a deceased estate, it's sold as-is, without warranties. The capital value has remained stable over the past few years, with a 0.0% increase, yet the potential for growth is undeniable. The property's highlights include a wood burner in the lounge, a large pantry in the kitchen, and a tenant in place who wishes to continue renting.

For families with school-aged children, the property falls within a highly rated school district. Close to schools, shops, and transport, this home offers convenience and comfort.

Updated on September 26, 2024