51b Rata Street, Matamata, Matamata

Nestled in the tranquility of 51b Rata Street, Matamata, this residential ownership home unit boasts a charming living environment. Constructed in 1992 with stone walls and an iron roof, both in good condition, the property offers 2 bedrooms, a modernised bathroom with ample storage, and an open-plan living area that opens up to a cozy patio via a ranch slider. The convenience of a heat pump ensures comfort, while the single internal access garage, which includes laundry facilities, and a spacious backyard provide practicality. This cross-lease titled property, with a floor area of 110 square meters, presents an excellent opportunity for those seeking an easy and comfortable life.

From a financial perspective, the property has seen a significant Capital Value increase of 46.15% from $390,000 in 2018 to $570,000 in 2021. The HouGarden AVM estimates the property's value at $552,500, and with the latest sale recorded in 2006 at $210,000, it's clear that this property holds great potential for value growth.

For families with children, the property falls within the Matamata Primary School zone, a contributing school with a decile rating of 6, ensuring quality education for young learners.

Updated on July 23, 2024