32 Kowhai Place, Tokoroa, South Waikato

Nestled in the esteemed Northside of Tokoroa, South Waikato, lies a charming residential haven at 32 Kowhai Place. This freehold property, built in 1968 with mixed materials and an iron roof, boasts a floor area of 144 square meters on a levelled 981 square meter plot. It features 3 well-sized bedrooms with inbuilt storage, a bathroom with separate amenities, and a generous living space drenched in natural light, complemented by a heat pump for additional comfort. The kitchen, equipped with modern amenities, merges with a cozy dining area and a wood burner, offering seamless outdoor flow to a covered BBQ area and a private porch. With a single car park, a fully fenced backyard, and located in the desirable school zone of Tokoroa North School (Decile 3), this property is perfect for a growing family. The property's Capital Value (CV) has remained stable at $485,000 since 2018, while the HouGarden AVM estimates it at $490,000. Notably, the property's latest sale history shows a significant increase from $160,500 in 2008 to $334,500 in 2019, indicating a promising investment opportunity with a potential weekly return of $530-$550.

History shows that the property's CV has maintained a consistent growth trajectory, reflecting a 0.0% increase over the last three years. This stability, combined with the prime location and healthy home compliance, makes it an attractive prospect for investors. The property's sunny aspect and proximity to the school make it an ideal choice for families seeking a comfortable and convenient lifestyle.

For parents with school-aged children, the property falls within the highly regarded school zone of Tokoroa North School, a contributing school with a decile rating of 3. This ensures access to quality education within walking distance, adding to the property's appeal.

Updated on September 26, 2024