2 Kowhai Street, Mangakino, Taupo

Located at 2 Kowhai Street, Mangakino, Taupo, this residential dwelling is a special find. With a freehold ownership type, the property spans across 859 sqm of land and features a floor area of 71 sqm. It boasts 5 bedrooms, 1 bathroom, and 2 carparks, making it spacious enough for a large family or guests. The main house, constructed in 1940 with wood walls and an iron roof, presents an average condition for both. It's set on a level contour, offering a comfortable and cozy cottage vibe. The property includes a separate laundry area, kitchen, dining, and lounge with a woodburner, ensuring warmth during the winter months. Additionally, the garage has been converted to include 2 extra rooms and a second toilet, providing flexibility for extra family members, friends, or even as an airbnb for additional income. The outdoor area is fully fenced, ensuring a safe and secure environment for children and pets, along with a concrete pad suitable for caravan parking or a potential shed foundation.

The property has seen a significant increase in capital value, from $163,000 on July 1, 2019, to $370,000 on July 1, 2022, marking a 126.99% increase. The latest sales history shows transactions at $145,000 on January 21, 2017, and $85,000 on November 25, 2016. The HouGarden AVM estimates its value at $362,500, reflecting its potential and the growth in the area.

Education is a priority, and this property does not disappoint. It is situated in a zone that ensures access to quality schools, providing a solid foundation for children's education and future growth. The area is known for its relaxed living environment, positioned centrally for convenience.

Updated on March 21, 2024.