76 Tuhingamata Road, Oruanui, Taupo

Nestled on a prime block at 76 Tuhingamata Road, Oruanui, Taupo, this lifestyle property boasts a freehold title with a generous land area of 207,130 square meters. The property, with an unknown roof and wall construction, presents an opportunity for new owners to personalize and add value. It features an easy-to-moderate rise contour, a new driveway, a workshop/storage shed, and new cattle yards. Historically leased as a dairy grazing block, it's a versatile space that could suit farming deer or cattle, or even off-grid living. The capital value has seen a remarkable growth of 74.74% from $661,000 in 2019 to $1,155,000 as of 2022, with a HouGarden AVM estimate of $1,112,500. The latest sale was in 1998 for $145,000.

With a capital value increase that outpaces the market, this property is not just a solid investment but also a canvas for dreams. It's zoned for Wairakei School, a contributing school with a decile rating of 5, and Taupo-nui-a-Tia College, a secondary school also rated decile 5. Whether you aim to develop the land or construct a residence with a view of Taupo, this property is a rare find.

Educationally endowed, the property falls within a school zone that promises quality education. The Wairakei School and Taupo-nui-a-Tia College, both with a decile rating of 5, offer a solid foundation for children's academic pursuits. This, coupled with the property's potential for further value appreciation, makes it an attractive package for both investors and families.

Updated on July 26, 2024