8 John Street, Tokoroa, South Waikato

This charming 3-bedroom, 1-bathroom home at 8 John Street, Tokoroa, South Waikato, offers an idyllic setting for first-time buyers or investors. With a floor area of 88 square meters and a generous land area of 832 square meters, this freehold property boasts a steep rise contour, providing elevated views across the town. Constructed in 1960, the dwelling features wood walls and an iron roof, both in average condition, emphasizing its classic charm. Despite its age, the property has been maintained to a high standard, featuring separate living and combined kitchen/dining areas, insulation top and bottom (foil), and heating by wood burner. Additionally, it includes a separate utility shed and a single carport, currently closed in, enhancing its appeal.

The capital value of this residential dwelling has remained stable at $355,000 since July 2018, with no increase observed. However, the HouGarden AVM estimates its value at $340,000. The latest sale on January 26, 2024, was for $345,000, reflecting its desirability and potential as an excellent first home or investment opportunity. The property's history also includes a sale on July 23, 2004, for $35,000, showcasing its significant appreciation over time.

Located in a sought-after school zone, this property ensures access to quality education, making it an ideal choice for families. Its prime location, combined with its features and potential for appreciation, makes it a standout option for those looking to enter the property market.

Updated on April 04, 2024.