Nestled at 258 Rangitanuku Road, Te Poi, Matamata, this charming residential dwelling, built in 1962, offers 2 bedrooms and 1 bathroom. It sits on a levelled freehold section of 1214 square meters, with a floor area of 86 square meters. The exterior walls, constructed of wood, and the iron roof are both in average condition. The property, with no car parks, is equipped with a heat pump for comfort. Over the years, the capital value has seen a significant increase from $300,000 in July 2018 to $430,000 in July 2021, reflecting a growth rate of 43.33%. The HouGarden AVM estimates the property's worth at $412,500, while the latest sale history shows a transaction of $500,000 in March 2024, a substantial leap from the previous sale of $230,000 in March 2016.
With a government-estimated capital value on the rise and a recent sales history indicating a robust market, this property presents a promising investment opportunity. The consistent increase in CV over the past years underscores the potential for further growth in this desirable location.
For families with children, the school zone is a significant advantage. The local schools are well-rated, ensuring access to quality education. This quiet cul-de-sac provides a peaceful environment, ideal for raising a family or simply enjoying a serene lifestyle.
Updated on April 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 6.99 km | 4 | 2 | 180m2 | Year 2024 Month 05 Day 23 | $995,000 | Council approved | |
4.69 km | 3 | 1 | 100m2 | Year 2024 Month 04 Day 15 | $685,000 | Council approved | ||
4.68 km | 3 | 185m2 | Year 2024 Month 04 Day 12 | $735,000 | Council approved | |||
6.63 km | 0m2 | Year 2024 Month 02 Day 21 | $600,000 | Council approved | ||||
0.21 km | 3 | 1 | 76m2 | Year 2024 Month 01 Day 24 | $260,000 | Council approved |