4/12 Peria Road, Matamata, Matamata

Located at 4/12 Peria Road, Matamata, this residential rental flats property offers a unique investment opportunity. Constructed in 2000 with concrete walls and an iron roof, the building is in good condition, boasting a level property contour. The property spans a generous floor area of 286 square meters on a substantial land area of 1214 square meters, under a Unit Title ownership type. Despite not specifying the number of bedrooms and bathrooms, the property highlights include low maintenance, easy-care setup with two double bedrooms, a heat pump for comfort, a courtyard, and an internal access garage. The section is fenced, ensuring privacy and security, with a Body Corp fee covering insurance and lawn maintenance.

The property has seen a significant capital value increase of 50% from $840,000 in July 2018 to $1,260,000 in July 2021, reflecting its growing market value. The latest sale records show a transaction at $1,305,250 in July 2022, slightly above the HouGarden AVM of $1,240,000, indicating a strong and stable investment. The property's capital value and sale history underscore its appeal in the market.

While specific school zone information is not provided, the property's prime location within approximately 400m of the town and amenities makes it an attractive choice for families and investors alike. The easy choice for anyone wanting an entry-level, affordable property to get on the property ladder, especially with the added convenience of nearby amenities.

Updated on March 21, 2024.