Located at 26 Gladstone Road, Matamata, this residential rental flats complex presents an excellent investment opportunity with five incomes. The property features 7 bedrooms, a floor area of approximately 330 m2, and a substantial land area of 1,300 m2. Ownership is freehold, ensuring long-term value. The building, constructed in 1960 with brick walls and an iron roof, is in average condition. It offers good off-street parking with three carports and is fully tenanted, generating a current rental return of approximately $86,840 gross per annum. The property's level contour and low-maintenance, fenced section with two entrances add to its appeal.
The property has seen a significant capital value increase, from $730,000 on July 1, 2018, to $960,000 on July 1, 2021, marking a 31.51% growth. The latest sale on December 7, 2023, was at $1,110,000, significantly higher than its HouGarden AVM of $922,500. This growth trajectory underscores the property's solid investment potential.
Located within the Matamata Primary School zone, which has a decile rating of 6, the property benefits from being in a good educational environment. This factor, combined with the property's features and investment returns, makes it a compelling choice for investors looking to expand their portfolio.
Updated on April 06, 2024.
Name | Distance | 类型 | Year | 属性 | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Matamata Primary School | 1.13 km | Primary | 1-6 | Government | Co-Educational | EQI: 444 | 6 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 2 | 170m2 | 2024年05月02日 | $665,000 | Council approved | |
 | 0.11 km | 3 | 1 | 100m2 | 2024年03月07日 | $440,000 | Council approved | |
 | 0.17 km | 5 | 2 | 147m2 | 2023年12月20日 | $585,000 | Council approved | |
0.09 km | 4 | 1 | 135m2 | 2023年12月18日 | $685,000 | Council approved | ||
0.16 km | 3 | 1 | 96m2 | 2023年11月23日 | $460,000 | Council approved |