[SOLD] Solid & Reliable with Add-Value Opportunity

185 Balmoral Drive, Tokoroa - $145,350

Why is this a great buy? Roll up your sleeves, redecorate inside, revalue, relax!

PLUS: The extra basement garage has potential to change the use and add signifiant value (there is another double garage on site). Add to that a brand new roof, fully insulated, all the expensive work is done!


Property Features: 3 br, 3 x gar

  • Price: $145,350
  • Gross Yield: Potential 8.5%
  • Rental Status: $220 p/w
  • Rent Appraisal: $230 - $240 p/w - after interior redecoration.
    Written Appraisal available to potential purchasers.
  • Annual Rates: District: $1,654, Regional: $130, Total: $1,784
  • Estate Type: Freehold
  • Floor Area: 110m2
  • Land Area: 870m2

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About the Property

This property is mostly flat, fenced, and has great street appeal. Brand new roof fitted!

The house is a great example of a solid home and it awaits interior redecoration ($5,000 approx). Inside there are 3 good sized bedrooms, a combined dining/kitchen, and a good sized lounge fitted with a wood fire. The shower over the bath works well, and again, bathroom redecoration will make it look sharp.

Fully insulated above the ceiling and below the floor to ensure that you are warm in winter and cool in summer.

The exterior of the dwelling is in good condition and has been well looked after, ensuring it lasts for years to come, lowering the maintenance costs.

There is a large double garage on site and there is a private backyard for tenants to enjoy.

The basement garage provides a further opportunity to add value through change of use.

Interior redecoration is needed here, which will add value to the property and allow for a rent increase to ensure your success.


400m to shopping centre, 580m to hospital and medical centre, 820m to all levels of schooling, 840m to lake reserve

District Rates 185 Balmoral Drive Tokoroa.pdf

QV Property Report 185 Balmoral Drive Tokoroa 3420.pdf

Regional Rates 185 Balmoral Drive Tokoroa.pdf

Rent Appraisal 185 Balmoral Drive Tokoro.pdf

iFindProperty Wayne Dickson

Wayne Dickson
Licensed Salesperson - REAA 2008

027 200 2556

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This property is SOLD
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Agent Contact Details

iFindProperty Wayne Dickson

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 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 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