4/39 Scannell Street, Taupo, Taupo

Nestled in a serene cul-de-sac at 4/39 Scannell Street, Taupo, this charming residential unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1989 with roughcast walls and an iron roof, it sits on a level contour with an average condition both inside and out. The property is under a Cross-Lease ownership, and the floor area spans a comfortable 81 square meters. Notably, the capital value has seen a remarkable increase from $216,000 in 2019 to $425,000 as of 2022, reflecting a 96.76% growth. The HouGarden AVM estimates the property at $387,500, while the latest sale history includes transactions at $130,000 in 2015 and $62,000 in 1991.

For investors, this property presents an opportunity with a potential yield of at least 5.93%. Occupied by a long-term tenant who has maintained the home as their own, it could be a valuable addition to any portfolio. Centrally located, this unit is suitable as a first home, investment, retirement haven, or holiday retreat. It features an open-plan living, kitchen, and dining area, with two spacious bedrooms served by a family bathroom, offering privacy and tranquility at the rear of the site.

With regards to education, the property falls within the zone of Taupo-nui-a-Tia College, a secondary school with a decile rating of 5. This combination of comfort, investment potential, and educational access makes this property an attractive prospect for any buyer.

Updated on December 13, 2024