4 Hermiston Place, Tokoroa, South Waikato

Nestled on a levelled 1595m2 of freehold land at 4 Hermiston Place, this residential dwelling in Tokoroa, South Waikato, is a captivating prospect. Constructed in 1980 with wood walls and an iron roof, both in average condition, the property boasts a 197m2 relocatable house with 4 bedrooms and 2 bathrooms, complemented by 3 toilets. The spacious dining/kitchen area, complete with a wood burner, adjoins a separate lounge, and a deck extends from the dining area. The property is equipped with a heat pump and is fully fenced, featuring a private section with established trees and a wood shed accessible via a right of way. The latest sale was in 2007 for $34,000, and the current HouGarden AVM estimates the property at $470,000, with a consistent capital value of $490,000 since 2018, indicating a 0.0% CV increase. This home, with its potential waiting to be untapped, is perfect for those seeking a rewarding project.

With a stable capital value and a quiet cul-de-sac location, this property presents an intriguing investment. The government's valuation history and the HouGarden AVM reflect a consistent property value, while the recent sales history hints at the growth opportunity. The zero increase in capital value over the past few years underscores the potential for appreciation in this developing area.

For families with children, the school zone is a significant draw. The local schools boast favorable decile ratings, ensuring a quality education for the young ones. This property not only offers a comfortable living space but also a promising future within a desirable educational district.

Updated on April 18, 2024