Comparable sales
Given that there have been almost no sales in Mangakino in the stretch of Korai crescent that this house is located on it is very hard to get a comparison for price. The only 2 sales there have been were ; this property in 2016, and the neighbouring bare land as detailed below.
To help your analysis we have compiled a list of other properties in the 150km radius that have sold recently however all but one of these properties have the direct lake access and privacy this property offers.
Click the picture for a link to any relative online data.
34 Korai Cres Mangakino
34 Korai crescent sold as a bare piece of land withing weeks with no marketing or agent in January 23 for $865K. It has since had a substantial home built on it.
Of similar deign the house built on 34 Korai is 252 sqm (55sqm smaller than this property) Although still awaiting final council signoff the submitted cost to council for construction was $1.3M. This would putting the expected CV to come in at $2.2 - 2.3M. Using the same land value build ratio would put the replacement cost of 36 Korai at $2.4M.
259 Spencer Rd Tarawera
259 Spencer Road, located in Lake Tarawera, Rotorua, is a 4-bedroom, 3-bathroom property with a floor area of 174 square meters, set on a 1,214 square meter lot. The property was last sold on February 14, 2024, for NZD 2,550,000.
85 Spencer Rd Tarawera
Located in Lake Tarawera, Rotorua, is a renovated lakeside retreat offering four bedrooms and two bathrooms across two levels. The property features extensive decking accessible through double-glazed sliding doors, enhancing the living area and providing an ideal space for entertaining. Additional amenities include a modern kitchen with high-end appliances, a spa pool, . The property was sold on September 27, 2024, for $2,600,000.
143 Spencer Rd Tarawera
Located in Lake Tarawera, Rotorua, is a waterfront property featuring three bedrooms and two bathrooms. The open-plan living area extends to a large deck with a spa pool, offering stunning lake and mountain views. Built in 1960, the home provides direct access to the lake via stairs leading to a swimmer's beach. The property was sold on August 5, 2024, for $2,000,000.
Rainbow Drive Taupo
This 1960S batch across the road from the beach sold for $2.137M February 25. Westerman said properties with coveted lake views in the neighbourhood were usually tightly held. “When they do come up there’s quite a bit of interest
Lake Rotoiti
A 1930s three-bedroom cottage on Lake Rotoiti sold in 2023 for $3.425 million. significantly surpassing its 2020 rateable valuation of $1.43 million. , Beth Millard the agent, noted that "lawn to lake" properties are highly sought after due to their rarity and the unique lifestyle they offer.
23 Victory Drive, Taupo
A three-bedroom, three-bathroom home with stunning lake views, sold for $2,800,000.
36 Korari floor plan
Here is a copy of the original build plans for the property for you viewing (please click picture)
