Set on a freehold lot of approximately 545 sqm, this property presents a charming 51sqm dwelling with 1 bedroom and 1 bathroom, nestled in the serene environment of 77 Rokino Road, Hilltop, Taupo. Constructed in the 1930s with wood walls and an iron roof, both in average condition, this home offers a unique opportunity for potential development. The property has seen a significant Capital Value increase of 69.42% from $363,000 in 2019 to $615,000 as of 2022. The latest sales history shows a transaction at $500,000 in 2024 and $230,000 in 2016, while the HouGarden AVM estimates the value at $572,500. In terms of education, the property falls within the zones of Hilltop School, a Full Primary with a decile rating of 9, and Taupo-nui-a-Tia College, a Secondary school with a decile rating of 5. This residence, with its on-site geothermal bore and plunge pool, is not only a comfortable living space but also a canvas waiting to be transformed into your dream home.
With a generous section and an inviting garden, the property is situated in a quiet cul-de-sac, ideal for those seeking privacy and convenience. The current structure, a well-presented studio with kitchen and bathroom facilities, offers immediate living solutions while also presenting a blank slate for future enhancements (subject to council consents). Conveniently accessible from Rokino Road, the property is ready for you to craft your own driveway and personalize your living space in this highly sought-after area.
Don't miss the chance to capitalize on this prime real estate, which not only boasts a promising CV growth history but also a desirable school network, making it an attractive investment for both current and future value.
Updated on May 29, 2024