Located at 6a Matai Street, Maeroa, Hamilton, this residential dwelling boasts 4 bedrooms, 2 bathrooms, and 1 carpark, with a floor area of 128m² and a land area of 563m². The property, built in 2007, features fibrous cement walls and an iron roof, both in good condition. The freehold property sits on a level contour, making it an attractive and easy-care option for potential buyers.
Over the years, the capital value of this property has seen a significant increase, from $610,000 in September 2018 to $960,000 in September 2021, marking a 57.38% growth. The latest HouGarden AVM estimates the property's value at $922,500. It has a history of strong returns, including a recent sale on January 13, 2024, for $825,000, up from $620,000 on October 20, 2016. The property currently generates a weekly income of $985 under a fixed-term tenancy until February 2024, thanks to its successful adaptation into an AirBnB business.
The property is zoned for Hamilton's Fraser High School (Secondary, decile 4), Forest Lake School (Contributing, decile 4), and Maeroa Intermediate (Intermediate, decile 3), offering a range of educational options for families. Its strategic location and the potential for dual occupancy make it a valuable investment.
Updated on April 06, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 130m2 | Year 2024 Month 09 Day 18 | $830,000 | Council approved | |||
 | 0.23 km | 3 | 1 | 91m2 | Year 2024 Month 09 Day 04 | $777,000 | Council approved | |
 | 0.28 km | 3 | 1 | 91m2 | Year 2024 Month 08 Day 12 | $730,000 | Council approved | |
 | 0.15 km | 4 | 108m2 | Year 2024 Month 07 Day 27 | $710,000 | Council approved | ||
 | 0.21 km | 3 | 111m2 | Year 2024 Month 07 Day 25 | $687,000 | Council approved |