1/51 Marina Terrace, Kinloch, Taupo

Nestled in the serene Kinloch, Taupo, at 1/51 Marina Terrace, this residential ownership home unit boasts a convenient layout with 3 bedrooms and 2 carparks. Constructed in 1960 with mixed materials for the walls and tiles for the roof, this property offers an average condition exterior with easy/moderate rise contours. The living space is elevated, providing panoramic views of the central Kinloch activities, and is mere minutes from the marina and lakefront. The property has seen recent refurbishments, including a new bedroom annex and second bathroom downstairs, and upstairs features fresh carpeting, new kitchen appliances, and a neutral color scheme. It's the ideal holiday retreat or permanent residence with a private garden at the rear, complete with patios for morning coffee or afternoon drinks and a new 10sqm timber cabin-style shed. The cross-lease property has a government valuation (CV) of $1,040,000 as of July 2022, showing a significant increase of 69.11% from the $615,000 valuation in July 2019. The HouGarden AVM estimates the property at $995,000, with the latest sale recorded at $950,000 in March 2024, up from $880,000 in March 2021.

For families, the property falls within the zones of Marotiri School, a full primary with a decile rating of 6, Wairakei School, a contributing primary with a decile rating of 5, and Taupo-nui-a-Tia College, a secondary school with a decile rating of 5.

Updated on April 17, 2024