3244 Poihipi Road, Mangakino, Taupo

Nestled on a level plot at 3244 Poihipi Road, Mangakino, Taupo, this lifestyle property with improved features is a freehold opportunity not to be missed. The 97sqm home, built in 1970 with fibrous cement walls and iron roofing, in average condition, boasts 3 bedrooms, 1 bathroom, and a single car park. The capital value has seen a remarkable growth of 78%, from $475,000 in 2019 to $845,000 as of 2022. The latest sale history shows a property sold for $690,000 in 2024, a significant increase from the $320,000 sale in 2012. HouGarden AVM estimates the property at $810,000. Educationally, the property falls within the zones of Marotiri School, a full primary with a decile rating of 6, and Taupo-nui-a-Tia College, a secondary school with a decile rating of 5.

Currently under contract, this property is perfect for those seeking affordability in a country setting. The vendor is relocating abroad, making this a must-sell situation. Ignore the varied price indications on different property websites and take notice of the 4.19 Ha of attractive land with mature trees, the potential in the 3-bedroom home that needs your special touch, and the convenience of being close to schools and amenities.

With such a promising CV increase and a prime location in a reputable school zone, this property is a golden opportunity for both investors and families.

Updated on April 18, 2024