Nestled at 216 Mangaroa Street, Tokaanu, this charming residential dwelling on a freehold section of 1000m2 boasts 3 bedrooms, a single car park, and a floor area of 109m2. Constructed in 1950 with wood walls and an iron roof, both in average condition, this property is a gem in the thermal paradise of Taupo. The capital value has seen a staggering increase of 66.67% from $300,000 in 2019 to $500,000 in 2022. The latest sale was recorded at $520,000 in 2024, showcasing a significant growth potential. The HouGarden AVM estimates the property at $480,000, making it an attractive investment opportunity.
With a history of two sales, the most recent in 2024 and an earlier one in 1998, this property has a proven track record of value appreciation. The generous land area coupled with the potential for further development adds to its allure. The property is situated in a desirable school zone with excellent educational facilities, ensuring a top-notch learning environment for the family.
Close to the Tokaanu Thermal Pools and with easy access to the lake, this property is not only ideal for family living but also holds potential as a holiday rental investment. The convenient location, with Taupo a short drive away and various outdoor activities within reach, makes it a perfect blend of tranquility and convenience.
Updated on April 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 5.79 km | 3 | 2 | 240m2 | 2024 09 26 | $1,090,000 | Council approved | |
 | 2.04 km | 3 | 1 | 72m2 | 2024 07 31 | $355,000 | Council approved | |
 | 1.95 km | 2 | 1 | 69m2 | 2024 07 29 | $230,000 | Council approved | |
 | 1.56 km | 3 | 125m2 | 2024 07 03 | $361,000 | Council approved | ||
 | 0.26 km | 3 | 107m2 | 2024 06 21 | $502,000 | Council approved |