7 Terminus Street, Te Aroha, Matamata

Nestled at 7 Terminus Street, Te Aroha, Matamata, this residential dwelling on a freehold title is a charming example of practicality meets potential. Constructed in 1930 with fibrous cement walls and tiled roofing, the property boasts 3 bedrooms, 1 bathroom, a single carpark, and a floor area of 96 square meters on a level contour, sitting prettily on a land area of 723 square meters. The average condition of both the walls and roof hints at a solid structure that's ripe for some TLC to truly shine.

Since 2018, the capital value has seen a substantial increase of 53.85% to reach $500,000 as of July 2021, according to government valuations. The HouGarden AVM estimates the property's worth at $490,000, while the latest sales history shows a transaction at $540,000 in November 2021 and another at $330,000 in August 2016. This upward trend in value is an attractive prospect for investors and homeowners alike.

For families with children, the property falls within a desirable school zone. With a decile rating that reflects its educational excellence, the local schools are sure to provide a nurturing environment for learning. This combination of a prime location, coupled with the property's growth potential and access to quality education, makes it an opportunity that knocks loud and clear.

Updated on August 22, 2024