2/8 Rawhiti Street, Taupo, Taupo

Introducing Unit 2/8 Rawhiti Street, Taupo - a gem nestled in a quiet cul-de-sac, offering a unique blend of comfort and convenience. This ground-level unit, part of a residential complex, boasts two bedrooms, an open-plan living area, and a combined bathroom/laundry with a freestanding shower. The property features a heat pump for year-round climate comfort, and double glazing (excluding the front and back doors), ensuring a cozy living environment. Constructed with sturdy brick and tiles in 1960, the unit promises durability and long-term value. Despite its age, both the wall and roof conditions are rated as average, maintaining a solid structure. The property, with a floor area of 67 square meters, operates under a Unit Title ownership, providing a straightforward management process for potential investors.

Over the past few years, the property has seen a significant increase in capital value, jumping from $290,000 in July 2019 to $485,000 in July 2022, marking a 67.24% increase. This rapid appreciation highlights the property's investment potential. The latest sale, in January 2024, was at $341,000, reflecting the market's recognition of its value. Additionally, the HouGarden AVM estimates the property's worth at $465,000, further underscoring its appeal. Rental appraisals suggest a weekly income range of $350.00 to $385.00, offering a lucrative opportunity for investors seeking to enhance their rental portfolio.

Located within the Taupo-nui-a-Tia College zone, this property is ideal for families, providing access to quality secondary education (Year 9-15) with a decile rating of 5. Its strategic location near the Taupo Town Centre combines convenience with investment potential, making it an attractive option for both homeowners and investors alike.

Updated on April 05, 2024.