28 Ringakapo Street, Turangi, Taupo

Nestled on the serene Ringakapo Street in Turangi, Taupo, this charming freehold property built in 1980 boasts a sturdy stone exterior and an iron roof. With 3 bedrooms, 2 carparks, and a generous floor area of 107 square meters on a levelled 737 square meter plot, this residence exudes warmth and potential. The modernized interior, complete with a large lounge heated by a wet-backed woodburner and a separate dining area, is complemented by a newer, well-appointed kitchen. The property has seen a recent CV increase of 69.15%, reflecting its current government valuation of $455,000, while the HouGarden AVM estimates it at $445,000. Notably, the latest sale history shows a significant jump from $67,000 in 1994 to $502,000 in 2024, indicating a sound investment opportunity.

As for the property's valuation, the capital value has shown a remarkable increase from $269,000 in 2019 to its current figure, a testament to the property's appeal and the area's growth. The recent sale price of $502,000 speaks volumes about the demand for such properties in the region.

For families, the property falls within a desirable school zone with excellent educational facilities. The Turangi area is not only known for its proximity to the world-famous Tongariro River and National Park but also for its high decile schools and the vibrant community they support.

Updated on August 14, 2024