16 Moana Place, Morrinsville, Matamata

Nestled in the tranquility of Moana Place, a quiet cul-de-sac in Morrinsville, Matamata, this 1973-built residential dwelling boasts 3 bedrooms, 3 carparks, and a generous floor area of 102 square meters on a levelled 784 square meter freehold section. The property features average-condition brick walls and an iron roof, both promising durability and traditional charm. Inside, recent renovations have breathed new life into the space with new carpet, vinyl, kitchen appliances, and a cozy woodburner, while insulation in the ceiling and under the floor ensures comfort year-round. The double garage provides ample room for vehicles and other storage needs.

With a current Capital Value (CV) of $620,000 as of July 2021, this property has seen a remarkable increase of 53.09% from its $405,000 CV in July 2018. The HouGarden AVM estimates the property's value at $602,500, while the latest sale history shows a sale price of $655,000 in June 2024, a significant jump from the $140,000 sale in May 2000. This is an attractive opportunity for first home buyers or rental investors looking for a sound investment with strong capital growth potential.

Educationally endowed, the property falls within the zone of the well-regarded David Street School, Morrinsville College, and Morrinsville Intermediate School, all within walking distance. David Street School and Morrinsville College are both rated a decile 6, while Morrinsville Intermediate School holds a decile 5 rating. This makes the property an ideal choice for families with school-aged children.

Updated on August 01, 2024