Nestled in the tranquility of a quiet cul-de-sac at 29 Torea Road, Matakana, Auckland, this freehold property boasts a charming residential dwelling. Constructed in 2000 with wood exterior walls and an iron roof, both in good condition, it offers 4 bedrooms, 2 bathrooms, and a single carpark. The 112 square meter floor area is set on a levelled 1004 square meter section. The property's capital value has seen a significant increase from $860,000 in 2017 to $1,225,000 as of June 2021, reflecting a growth rate of 42.44%. The latest sale was recorded on April 9, 2021, at $1,150,000, while the HouGarden AVM estimates the property's worth at $1,195,000.
For families with school-aged children, this property falls within the highly sought-after zones of Matakana School, a contributing school with a decile rating of 9, and Mahurangi College, a secondary school with a decile rating of 7. These educational institutions are a testament to the quality of the local school network.
With a Buyer Enquiry Over $1.4M, this property presents a versatile investment opportunity. Whether you choose to live, rent, or develop, the potential is clear. Explore the magazine article at https://madonnewzealand.com/content/29-torea-road to discover more about this attractive investment prospect.
Updated on August 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 3 | 116m2 | Year 2024 Month 11 Day 13 | $1,215,000 | Council approved | ||
 | 0.21 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 03 | - | Council approved | |
 | 0.32 km | 4 | 252m2 | Year 2024 Month 08 Day 09 | $2,610,000 | Council approved | ||
 | 0.05 km | 4 | 2 | 225m2 | Year 2024 Month 08 Day 03 | - | Council approved | |
 | 0.07 km | 4 | 2 | 225m2 | Year 2024 Month 08 Day 03 | - | Council approved |