7 Bellamy Street, Waitoa, Matamata

Nestled in the tranquility of 7 Bellamy Street, Waitoa, Matamata, this charming 2-bedroom, 1-bathroom residence with a single carpark is a gem on a Freehold title. Constructed in 1950 with wood walls and an iron roof, both in average condition, this level property offers a floor area of 91sqm and a generous land area of 1026sqm. The property boasts a capital value increase of 50.82% from $305,000 in 2018 to $460,000 as of 2021, showcasing a promising investment potential. The HouGarden AVM estimates the property's value at $442,500, while the latest sales history shows transactions at $475,000 in 2024 and $420,000 in 2021.

For families with children, the property falls within the zones of Tatuanui School (Decile 7), Morrinsville College (Decile 6), and Morrinsville Intermediate School, ensuring quality education at various levels. The residence, with its updated kitchen, open plan living, and insulated interior complete with a heat pump and HRV, invites comfort and relaxation. Enjoy the privacy and serenity of a quiet cul-de-sac from the timber-covered deck or take advantage of the ample off-street parking and powered double lock-up garage.

Whether you're a first home buyer or a savvy investor, this property presents an opportunity to live a comfortable life with excellent rental returns, all while being a short distance away from the amenities of Morrinsville.

Updated on May 01, 2024