64 Kelso Street, Tokoroa, South Waikato

Nestled at 64 Kelso Street, Tokoroa, South Waikato, this residential dwelling on a freehold title boasts 3 bedrooms, 1 bathroom, and a single carpark. Constructed in 1950 with wood walls and an iron roof, the property enjoys an average condition for both. Spanning 80 square meters of floor area and 888 square meters of land, it sits on an Easy/Moderate Fall contour. The government's capital value has remained stable at $275,000 since 2018, showing a 0.0% increase. HouGarden AVM estimates the property at $265,000, while the latest sales history shows a significant jump from $20,000 in 2012 to $407,500 in 2021. This property is a gem for investors, with a long-term tenant in place since September 2022, paying $480 per week. The interior has been renovated, including the kitchen, bathroom, and new paint and flooring. The spacious lounge features a heat pump, and two bedrooms have panel heaters. Outside, a large deck and a double garage complement the spacious and fenced section. Despite some exterior work needed, this property is a testament to the adage 'Don't judge a book by its cover.'

With a stable capital value and a promising increase in the latest sale price, this property offers a secure investment with potential for growth. The consistent rental income and the prospect of exterior improvements make it an attractive opportunity for any investor looking to take a relaxed attitude towards their portfolio.

For families, the property falls within a desirable school zone. The local schools are well-rated, ensuring a quality education for children. This, combined with the comfortable living space and serene cul-de-sac location, makes it an ideal choice for those seeking a balanced lifestyle.

Updated on October 30, 2024