Nestled at 64 Seddon Street, Waharoa, Matamata, this commercial-retail property is set on a freehold land with a total area of 1395 square meters. Constructed in 1980, the building boasts an iron roof and fibrous cement walls, both in average condition. It features a single bathroom and a floor area of 70 square meters, making it an ideal tradie depot or warehouse. Notably, the property has seen a significant jump in its capital value from $245,000 in 2018 to $350,000 in 2021, indicating a growth rate of 42.86%. The HouGarden AVM estimates the property's value at $352,500, closely aligning with the latest sale price of $450,000 in 2021.
Reflecting a promising investment, the property's CV has been on a rapid rise, outpacing the market average. The latest sale history also shows a substantial increase from $235,000 in 2016, further validating the property's escalating worth. This prime location on State Highway 27 offers excellent exposure for any business, being strategically positioned near the bustling Matamata township and within reach of major cities like Tauranga, Hamilton, and Rotorua.
For families or investors with an eye on education, this property falls within a desirable school zone. Matamata's reputable schools, with their high decile ratings, present an added allure to this already attractive property.
Updated on September 06, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.52 km | 3 | 1 | 100m2 | Year 2024 Month 12 Day 11 | - | Council approved | |
 | 0.41 km | 3 | 1 | 80m2 | Year 2024 Month 11 Day 14 | - | Council approved | |
 | 0.59 km | 4 | 2 | 100m2 | Year 2024 Month 09 Day 04 | - | Council approved | |
 | 0.47 km | 3 | 1 | 103m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 1.75 km | 3 | 141m2 | Year 2024 Month 08 Day 20 | $855,000 | Council approved |