Nestled in the tranquility of a quiet cul-de-sac at 111 Lorne Street, Morrinsville, Matamata, this charming 1950's residence on a freehold title presents an opportunity not to be missed. The property, with its roughcast exterior walls and tiled roof, offers 2 bedrooms, 1 bathroom, and a single carpark, set on a levelled 796m2 section with an 85m2 floor area. The capital value has seen a remarkable increase from $320,000 in 2018 to $620,000 in 2021, reflecting a growth of 93.75%. The property's recent upgrades include new carpeting and improvements to the kitchen and bathroom, making it an ideal choice for both investors and first-time homebuyers.
With a HouGarden AVM of $612,500 and a latest sale history of $262,000 in 2016, this property holds significant value. The previous sale in 1996 was at $72,000, showcasing the long-term investment potential. Located in a prime area, it's just moments away from all necessary amenities and is part of a desirable school network, including Morrinsville College (Secondary, Decile 6), David Street School (Contributing, Decile 6), and Morrinsville Intermediate School (Intermediate, Decile 5).
For those seeking a peaceful neighborhood with excellent educational facilities, this property is a golden opportunity. It's not just a house; it's a gateway to a successful future in this delightful cul-de-sac setting.
Updated on November 12, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 2 | 1 | 84m2 | Year 2024 Month 09 Day 20 | $495,000 | Council approved | |
 | 0.45 km | 3 | 1 | 120m2 | Year 2024 Month 09 Day 16 | - | Council approved | |
 | 0.10 km | 2 | 1 | 110m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 0.19 km | -m2 | Year 2024 Month 08 Day 28 | $340,000 | Council approved | |||
 | 0.21 km | 0m2 | Year 2024 Month 08 Day 09 | $335,000 | Council approved |