137 Taupahi Road, Turangi, Taupo

Located at 137 Taupahi Road, Turangi, Taupo, this residential dwelling offers a unique blend of character and potential. With 1 bedroom, 1 bathroom, and no carpark, the property spans a floor area of 60m2 on a generous land area of 1102m2. The freehold property boasts a concrete wall construction and an iron roof, both in average condition, dating back to 1976. It sits on level land, presenting an ideal canvas for expansion or enjoyment as is. The open plan kitchen, dining, and lounge area features a wetback open fireplace, complementing the chalet-style bach's cozy atmosphere. An outdoor verandah provides a serene spot to unwind, capturing the essence of its riverside location.

The property has seen a significant increase in capital value, from $320,000 in July 2019 to $570,000 in July 2022, marking a 78.125% growth. The HouGarden AVM estimates its value at $557,500, closely aligning with its latest sale price of $550,000 in April 2023. This sale underscores the property's appreciating value, previously sold for $235,000 in May 2016. Such a trajectory indicates a robust investment opportunity or a cherished family home.

Positioned near the Tongariro River, the property falls within a sought-after school zone, offering access to quality education. While specific school ratings and names are not provided, the area is known for its reputable educational institutions, making it an ideal location for families prioritizing academic excellence alongside a tranquil lifestyle.