Nestled in the tranquility of Lewis Street, Waihou, Matamata, this quaint two-bedroom, one-bathroom cottage on cross-lease land presents a unique opportunity. Constructed in the 1930s with wood walls and an iron roof, it offers a fair roof condition and an average wall condition. The property, with a floor area of 70 square meters, sits on a level contour, inviting DIY enthusiasts and renovators to unlock its potential. The capital value has seen a significant increase, rising from $225,000 in 2018 to $365,000 in 2021, indicating a growth rate of 62.22%. The HouGarden AVM estimates the property's worth at $367,500, while the latest sale history shows transactions at $268,000 in 2024 and $150,000 in 2007.
For families with children, the property falls within the zones of the Elstow-Waihou Combined School, a full primary with a decile rating of 7, and Stanley Avenue School, also a full primary but with a decile rating of 4. This charming cottage not only offers a peaceful living environment but also holds the promise of a sound investment in a desirable school district.
Don't let this chance slip by; imagine the possibilities of transforming this blank canvas into your dream home or a lucrative investment in the thriving Waihou real estate market.
Updated on September 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | 130m2 | Year 2024 Month 12 Day 13 | - | Council approved | |
 | 0.39 km | 3 | 154m2 | Year 2024 Month 08 Day 16 | $761,500 | Council approved | ||
0.09 km | 3 | 124m2 | Year 2024 Month 07 Day 22 | $440,000 | Council approved | |||
2.45 km | 0m2 | Year 2024 Month 07 Day 03 | $585,000 | Council approved | ||||
 | 0.33 km | 4 | 175m2 | Year 2024 Month 07 Day 02 | $815,000 | Council approved |