[SOLD] Profitable and Private for the Family

13 Ngatuku Place, Tokoroa - $113,350

It stacks up, the numbers work!

Entry level three bedroom opportunity with 10% potential gross yield in a sought after area for working families.

Paint and a quick makeover will restore this property to it's former glory, making you money in the process.


  • Price: $113,350
  • Gross Yield: Potential 10%
  • Capital Value: $104,000
  • Rent Appraisal: $240 p/w
    Written Appraisal available to potential purchasers (This reflects a superficial makeover being completed)
  • Annual Rates: $1,805
  • Estate Type: Freehold
  • Floor Area: 100m2
  • Land Area: 849m2

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Additional Information

A good sized property in a private location. This house has three reasonable size bedrooms and can accommodate a large family. Insulated above the ceiling and fitted with a woodfire to keep your tenants warm in winter.

The kitchen works well and flows to the attached dining area. The interior asks for repainting. The bathroom is tidy and is well set out for a large family with the separate toilet. The bathroom ceiling needs painting. There is a shower over the bath that works well.

The section is flat and fully fenced making it safe for pets and children. There is a large single garage on site attached to a carport with ample of off street parking. The exterior is also in need of a repaint.

Being down a right of way, the house is alarmed to give the tenants the feeling of being private and secure.

This property would make a great starter for a young investor to begin their portfolio, with only a small deposit needed. It is cashflow positive with a potential 11.5% gross yield. It would attract good tenants due to its location.

Estimates for a superficial makeover have been obtained and are set between $5,500 - $7,000.


260m to kindergarten, 520m from Intermediate, 1.3km from high school, 650m to lake reserve, 880m to the hospital, medical centre and pre-school.

An on-going rental shortage means that this will easily rent and after a superficial makeover will attract a quality tenant willing to pay top rent.

Wayne Dickson
Licensed Salesperson - REAA 2008

027 200 2556

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This property is SOLD
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Agent Contact Details

Wayne Dickson
Licensed Salesperson - REAA 2008

027 200 2556

We have bought four properties this year, from different agents. We found Wayne Dickson to be the most helpful agent we have ever come across. He gave us a lot of “above and beyond” help. We live out of town, so the help was greatly appreciated.

Wayne also has a team of contacts for almost anything you can think of property wise, which we have utilised. This has saved us hours of time in building a network for our out of town houses.

I would highly recommend dealing with Wayne to anyone, he knows what he’s doing and we feel lucky to have bought a house from him. I would not hesitate to buy from Wayne again in the future.

Matthew & Angela Gill

When we decided to sell our investment properties recently, we needed someone we could rely on and trust.

One name came immediately to mind, and as per our expectations, we were not disappointed. Wayne understood our requirements extremely well and carried out our instructions in a professional and timely manner. Liaising with everyone on our behalf, the transactions took place with no hassles, delays or problems.

Wayne provided us with good straightforward service - and always with a smile. I would highly recommend him to anyone wishing to use his services. A+++ rating.

Mike West

I am the former owner of a rental property situated at 9 Moa Place, Tokoroa. In January 2015 I placed this property on the market and listed it for sale with an estate agent in Tokoroa. After around three months I was forced to remove it from this agent as there had been little interest, the fees were high and I needed a quick sale.

I contacted Wayne Dickson about selling my property and his reply was prompt and professional. Wayne talked with me about a price and sale that would work with my own requirements and it was clear that what I wanted was what he sought, he made me the priority. After agreeing to terms Wayne sought about selling my property.

Wayne achieved this in a timely and efficient manner. What the Estate Agent has failed to do for me, Wayne was able to do in quick time. MY property sold for the amount I wanted it to sell for and the ease at which this was done amazed me. My lawyers were impressed with Wayne’s efficiency in regards to the sale and purchase agreements and there were no hiccups. The settlement date was even able to be brought forward to speed up the process.

What also made this sale great was that I was able to utilise Fiona Dickson who is Wayne’s wife. While the property was on the market Fiona managed to rent the property out for me at a high rent rate with good tenants. She became my Property Manager. The way that these two worked together was phenomenal and made it a “one stop shop” for all my property needs.

I would recommend both Wayne and Fiona for any property matters whether it be selling or renting the property. Their professionalism and commitment to their clients should be the envy of any local business.

Mike West

I have bought two investment properties through iFind in Tokoroa – so far! Wayne is great to deal with. He is very knowledgeable about the area, a great communicator and trustworthy. As I do not live in Tokoroa it is important for me to have someone local that I can trust to act in my best interest.

I highly recommend Wayne and look forward to working with him a lot more!

Investor Client

We've been very happy with iFindProperty especially your advice around investing outside of cities. Wayne and Fiona have also been great, giving lots of advice highlighting where to invest and where to avoid but particularly the details of the local housing stock and maintenance considerations.

We'll definitely purchase through IFP again