18 Korari Crescent, Mangakino, Taupo

Nestled in the serene Mangakino, at 18 Korari Crescent, this 1940-built, freehold property boasts a capital value of $505,000, a significant increase of 98.04% from its 2019 valuation. This well-maintained 2-bedroom, 1-bathroom home with a single carpark, sits on a level 799 sqm section. Constructed with wooden walls and an iron roof, it offers a comfortable floor area of 78 sqm, complemented by a guestroom and ensuite, mere minutes from the lake. The property, with its spacious deck, modern kitchen, and a variety of fruit trees, also includes outdoor amenities like a pizza oven, garage, workshop, and carport. The HouGarden AVM estimates the property at $485,000, while the latest sale in 2015 was for $135,000.

With a potential for air bnb income, this property is not just a home but a sound investment. Its central location in the North Island, close to amenities and leisure spots like the golf course and local café, makes it an ideal live-in or rental opportunity. The property's CV has seen a rapid growth, reflecting its increasing desirability in the market.

For families with children, the property falls within a desirable school zone. With excellent educational facilities and a high decile rating, the area ensures a quality education for young ones.

Updated on October 16, 2024