27 Marshall Avenue, Richmond Heights, Taupo

Located at 27 Marshall Avenue, Richmond Heights, Taupo, this residential dwelling boasts 3 bedrooms and an unspecified number of bathrooms, complemented by a single carpark. The property spans a floor area of 140sqm and sits on a generous 742sqm of freehold land. Constructed in 1980, the house features fibrous cement walls and tile roofing, both in average condition. The property's contour is described as easy/moderate rise, making it an appealing choice for families or investors. The living area opens to a sun-drenched deck with an open plan layout, offering potential for further personalization and value addition. A wood burner and wetback system ensure comfort during winter, while the large double garage provides ample storage for vehicles and equipment.

The property has seen a significant increase in capital value, from $450,000 on July 1, 2019, to $765,000 on July 1, 2022, marking a 70% increase. The latest HouGarden AVM estimates the property's value at $755,000. Sale history shows a recent transaction on March 8, 2023, for $665,000, following a previous sale on December 2, 2018, for $430,000. This trajectory indicates a strong market interest and potential for further capital growth.

Education is a priority, with the property zoned for Waipahihi School, a contributing school with a decile rating of 7. Its location offers convenience for families, being within walking distance to the school, lakefront, local restaurants, and close to the new shopping centre at Nga Roto and Two Mile Bay sailing centre. This property represents a golden opportunity for first home buyers and savvy investors alike, promising both lifestyle and investment appeal.