12 Lorne Street, Morrinsville, Matamata

Nestled at 12 Lorne Street in the serene Morrinsville, Matamata, this residential dwelling boasts a freehold title on a level plot of 462 square meters. Constructed in 1930 with wood exterior walls and tile roofing, the property maintains a good condition both in walls and roof. Spanning an area of 120 square meters, the home offers convenience without compromising on space. Notably, it is situated in a quiet cul-de-sac, ensuring privacy and tranquility.

As per the valuation records, the capital value as of July 2021 stands at $495,000, while the HouGarden AVM estimates it at $475,000. The latest sale history is particularly impressive, with a significant leap from $69,000 in 1990 to $634,500 in February 2024, indicating a substantial growth percentage. This trend highlights the investment potential of the property.

For families with children, the property falls within the zone of several reputable schools. Morrinsville College, a secondary school with a decile rating of 6, Morrinsville Intermediate School, rated at decile 5, and Morrinsville School, a contributing primary school with a decile rating of 3, ensuring a range of educational options for all ages.

Updated on April 10, 2024