47 Patikura Place, Turangi, Taupo

Nestled in the serene Turangi, this charming 3-bedroom, 1-bathroom residence on 572 sqm of freehold land is a gem for both first-home buyers and investors. Constructed in 1960 with fibrous cement walls and an iron roof, this property is in fair condition and offers a level contour for ease of living. The modern galley kitchen and open-plan living areas are warmed by a wood burner and a new heat pump, ensuring comfort throughout the year. With a capital value of $345,000, it has seen an impressive growth of 84.5% since 2019. The HouGarden AVM estimates it at $330,000, while the latest sales were at $345,000 in 2024 and $150,000 in 2017. This property is located in a sought-after school zone, enhancing its already significant investment potential. The rental appraisal ranges from $420 to $450 per week, making it an attractive opportunity with immediate vacant possession.

Historically, the property has shown a strong capital value increase, reflecting a sound investment with promising returns. The recent CV growth and the AVM estimate highlight the property's escalating worth in the market, making it an appealing prospect for those looking to enter the real estate market or expand their investment portfolio.

For families, the property falls within a highly-rated school zone, ensuring access to quality education. This, coupled with the property's convenient location near Turangi Town Centre, community parks, and schools, makes it an ideal choice for those seeking a balanced lifestyle with excellent educational opportunities.

Updated on April 11, 2024