314 Campbell Road, Richmond Downs, Matamata

Nestled on a vast 46.7 hectares in the serene Walton, this freehold property at 314 Campbell Road, Richmond Downs, Matamata, presents a versatile opportunity. The land, with 30 hectares in potato cultivation and the remainder in pasture, is graced by the picturesque Totara-fringed Waitoa River. The property's flat expanse is accentuated by a sidling that carves out two terraces, potentially hosting a solar power farm. The capital value has seen a growth of 4.59%, from $3,155,000 in 2018 to $3,300,000 as of 2021, while the HouGarden AVM estimates it at $3,115,000. The facilities include a disused dairy shed, concrete silage bunker, and a six-bay shed, inviting a multitude of land use options. Despite the absence of a dwelling, the property offers numerous easy-access building sites.

With a CV increase reflecting a promising investment trajectory, this property's value has been on the rise. The recent sale history and AVM figures indicate a healthy real estate climate, making it an attractive proposition for investors and developers alike.

For families, the property falls within the catchment area of Tatuanui School and Walton School, both rated decile 7, while Morrinsville College and Morrinsville Intermediate School, rated decile 6 and 5 respectively, are also within reach. This offers a solid educational foundation for children in the area.

Updated on April 23, 2024