167 Spa Road, Taupo, Taupo

Nestled in a serene cul-de-sac on a generous 766sqm freehold site, this 1966-built single-level dwelling at 167 Spa Road, Taupo, offers a compelling investment opportunity. The property, with its mixed-material walls and iron roof, comprises three bedrooms, one bathroom, a kitchen with open-plan living, and a single carpark. The well-maintained home, with a floor area of 99sqm, benefits from a heat pump and a woodfire for cozy winters. The site's contour, with an easy/moderate rise, adds to its potential for future development. The government's capital value has seen a significant increase from $451,000 in 2019 to $730,000 in 2022, reflecting a growth of 62.86%. The HouGarden AVM estimates the property's value at $680,000, while the latest sales were recorded at $358,000 in 2017 and $320,000 in 2006.

For families, the property falls within the decile 5 Taupo-nui-a-Tia College zone, a secondary school catering to Years 9-15. The location is central, with easy access to schools, shops, and amenities, making it an ideal blend of convenience and potential for further investment. The property is zoned for mixed use, and concept development plans for four townhouses, each with three bedrooms and two bathrooms, are available upon request, with resource consent already approved by the Council.

Whether for land banking or investment, this property presents an enticing prospect in a family-friendly neighborhood, with the added advantage of an existing tenant and the possibility of subdivision, all within a short walk to the lakefront and the charm of Taupo's CBD.

Updated on May 14, 2024