49 Tower Road, Matamata, Matamata

Nestled on a quiet cul-de-sac at 49 Tower Road, Matamata, this freehold property is a perfect family haven. Constructed in 1980 with fibrous cement walls and tiled roof, both in good condition, it boasts a floor area of 152 square meters on a land area of 613 square meters. The residence features four bedrooms, one bathroom, and two car parks. Notably, the capital value has seen a growth of 45.45% from $440,000 in 2018 to $640,000 as of July 2021. The property is equipped with a woodburner, heat pump, and a DVS System, making it cozy for the cooler months. It also includes a double garage, additional toilet, and a fenced backyard with garden sheds.

With a HouGarden AVM of $622,500 and a history of latest sales at $380,000 in 2016 and $262,000 in 2011, this property presents a promising investment opportunity. The functional and affordable design, coupled with its increasing capital value, makes it an attractive prospect for rental income.

For families with children, the property falls within the Matamata Primary School zone, a contributing school with a decile rating of 6. This combination of a comfortable family home and a sought-after school zone ensures this property will not be on the market for long.

Updated on August 27, 2024