10 Kohuhu Place, Motuoapa, Taupo

Nestled in the serene Motuoapa subdivision, this vacant residential section at 10 Kohuhu Place offers the promise of tranquility and potential in a freehold package. With an undefined number of bedrooms and bathrooms, and no car parks specified, this level plot of land, covering 761 square meters, is ready for your dream home. The property's wall and roof construction are unknown, yet it presents a picturesque view and a competitive price point in line with market trends. The site benefits from a favorable building position, complemented by a scenic outlook and protective covenants. It's further enhanced by its adjacency to council reserve land, providing ample space for family activities. The section includes an on-site shed and concrete block paving, ideal for parking recreational vehicles, offering flexibility prior to construction. Notably, the capital value has seen a significant increase of 140% from $150,000 in 2019 to $360,000 as of 2022, with the HouGarden AVM estimating it at $352,500. The latest sales history shows transactions at $320,000 in 2024 and $175,000 in 2019, indicating a robust market for the area.

As for the property's valuation, the rapid growth in capital value underscores the investment potential of this section. With a recent sale price of $320,000, it presents a sound financial prospect for any buyer looking to enter the Motuoapa market.

For families with educational considerations, this property falls within a highly regarded school zone. Its proximity to quality educational institutions ensures that the section is not only an investment in real estate but also in the future of your family.

Updated on July 17, 2024