26 Banks Road, Matamata, Matamata

Nestled at the back of a serene 796m2 section in a rural environment with horses in the backdrop, this freehold property at 26 Banks Road, Matamata, is a charming residence. Constructed in 2007 with iron walls and roof, it boasts a single bedroom, a bathroom, two carparks, and a spacious open-plan living area. The floor area is a cozy 54m2, complemented by a north-facing deck that bathes in all-day sun and offers an unobstructed view of the Kaimai Range. The property's CV has seen a remarkable increase from $320,000 in 2018 to $510,000 as of July 2021, a growth rate of 59.375%. The HouGarden AVM estimates the property's value at $475,000, while the latest sale in 2017 was for $290,000. Matamata Primary School, a contributing school with a decile rating of 6, is in the zone.

With potential for modifications and already approved council plans, this home offers versatility. Whether you seek a starter home, a place to live while building your dream house, or simply a peaceful retreat from life's complexities, this property presents numerous possibilities.

Located in a developing area with higher-value modern homes, this could well be Matamata's best deal of the year. Embrace the simplicity, and explore the potential of this unique property.

Updated on May 20, 2024