Nestled in the tranquility of Richmond Downs, Matamata, on a vast 273,525 square meters of freehold land, this property at 16/1661 Morrinsville-Walton Road boasts a single carpark and a spacious floor area of 171 square meters. The property, categorised as 'Dairying - Milk,' features an unspecified roof and wall construction, hinting at a unique character waiting to be discovered. With a CV of $3,470,000 as of July 2021, it has shown a remarkable increase of 25.7% from its $2,760,000 valuation in July 2018.
History reveals a consistent rise in value, with the HouGarden AVM echoing the government's CV. The latest sale records indicate a transaction of $3,100,000 in September 2024, and $2,750,000 in May 2017, pointing to a steady growth trend. This, coupled with the potential for further development on the orchard, makes it an attractive investment opportunity.
Educationally, the property falls within the zones of Kiwitahi School (Decile 5), Morrinsville College (Decile 6), Morrinsville Intermediate School (Decile 5), and Walton School (Decile 7), ensuring access to quality education for all ages. The idyllic setting of this Walton horticultural micro-climate, with its impressive kiwifruit orchard and additional plantable land, presents a unique and special investment prospect.
Updated on October 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.69 km | 3 | 1 | 100m2 | Year 2024 Month 12 Day 11 | - | Council approved | |
4.17 km | 5 | 167m2 | Year 2024 Month 11 Day 18 | $870,000 | Council approved | |||
 | 5.73 km | 3 | 1 | 125m2 | Year 2024 Month 10 Day 22 | $800,000 | Council approved | |
 | 3.52 km | 4 | 243m2 | Year 2024 Month 09 Day 29 | $975,000 | Council approved | ||
 | 0.61 km | 3 | 1 | 103m2 | Year 2024 Month 08 Day 28 | - | Council approved |