2 Kauri Street, Mangakino, Taupo

Nestled in the tranquility of 2 Kauri Street, Mangakino, Taupo, this residential dwelling on a freehold title boasts 4 bedrooms, 1 bathroom, and 3 car parks. Constructed in 1966 with wooden walls and an iron roof, the property has an average wall condition and a fair roof condition. Spanning a floor area of 100 square meters and a level land area of 731 square meters, it features double-glazed windows, re-roofing, and rewiring, enhancing both comfort and security with an electric gate and keypad entry. The interior has been refurbished with finishing touches pending, and the home is equipped with a modern kitchen, a woodburner, and 4 heat pumps for all-season comfort. The versatile garage with utility rooms offers potential for home office or additional guest accommodation, making it ideal for permanent living, holiday home, or multi-generational living. The property has seen a significant Capital Value increase of 108.7% from $218,000 in 2019 to $455,000 in 2022, with a HouGarden AVM of $450,000. The latest sale history includes transactions in 2015 for $110,000 and in 2005 for $25,000. Educationally, the property falls within a desirable school zone with excellent decile ratings and convenient access to top-notch schools.

With a CV increase that outpaces the market and a quiet cul-de-sac location, this property presents a great investment opportunity or the perfect first home. Its potential is limitless, whether for extended family living, creating an income stream, or simply enjoying a secure and versatile living space minutes away from the serene Lake Maraetai and Lake Whakamaru.

Located in a prime school zone, the property ensures access to highly-rated educational institutions, a significant plus for families with children. The combination of location, property features, and promising investment returns makes this home a secure and wise choice for any buyer.

Updated on November 13, 2024