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Unclaimed

37 Cullen Crescent, Tokoroa

South Waikato District

Offers Over $749,000

  • 4
  • 3
  • 2
  • 255m²
  • 784 m²
  • House

Only the very best

Multi-generational, home and income or just wanting space and comfort?

Always dreamed of living in one of the best locations in town and having someone else pay the mortgage - look no further with the endless income stream possibilities this property has the potential to offer.

Step inside and discover an incredibly generous footprint designed for the modern lifestyle. With two distinct living areas, one with a kitchenette, and both with cosy log burners and heat pumps, here everyone can have their own personal space. In fact, the upstairs is totally self-contained with endless possibilities.

This home boasts four expansive bedrooms, office and three beautifully appointed bathrooms, of which two are ensuite, ensuring seamless busy mornings for large or extended families. When it's time to unwind, imagine spending your evenings soaking your worries away in your own luxury spa pool. It's an entertainers dream with the large deck, BBQ and spa each contained in their own gazebo.

Practicality is seamless featuring a large double garage with internal access providing the ultimate convenience and security, all wrapped up in a highly desirable blue-chip neighbourhood. For further details or a private appointment to view call the listing agent to arrange.

Have you always dreamed of living in one of the best locations but have someone else pay the mortgage

OwnBetter estimate
$669k
Medium confidence

We estimate it would sell for $669,000 as at 5 October 2026, in a range of $601,000 to $761,000.

Typical home in Tokoroa
$382k
The median of our estimates of its 5,055 homes
How we worked this out
Council valuation, Jul 2024$640,000
Market movement in South Waikato District since the council valuation+0.9%
Apartments and houses in South Waikato District+0.1%
How Tokoroa sells against council values−0.8%
Homes of this age in Tokoroa+1.0%
Homes in this price range+0.8%
Land as a share of the value+0.2%
Nearby recent sales (15)+2.7%
Its own sale in 2023−0.4%
Our estimate$669,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales and its own last sale have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

My notes
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What it costs to live here

Home expense estimates

—a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Investor insights

37 Cullen Crescent as a rental

Rent estimate$620/wk$540–$720 · Little evidence
Gross yield4.8%$32,240 a year on $669k
Net yield4.0%After $5,704 of costs
Cash flow−$30/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $620
Property manager
Rent, 52 weeks$32,240
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$26,536
Interest $468,300 at 6.00%, interest only−$28,098
Cash flow before tax−$1,562
Cash flow a week−$30
Gross / net yield on the price4.8% / 4.0%
Return on equity cash flow on the deposit, before tax−0.8%
Loses money above this interest rate, before tax5.67%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.67%. That is -0.8% a year on a $201k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area255 m²
  • Land area784 m²
  • Decade built1980s
  • Bedrooms3
  • Bathrooms2
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilSouth Waikato District
  • Valuation #5472-51600
  • Valuation date1 Jul 2024

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

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Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

Reading the council's maps…

What could you build here?

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About Tokoroa

South Waikato District
5,882
Properties on the rating roll
1 Jul 2024
Last council revaluation
Buyer demand

6 people looked at properties in Tokoroa this week.

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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