30a Elizabeth Street, Matamata, Matamata

Positioned at the heart of Matamata town, this residential dwelling at 30a Elizabeth Street offers a prime freehold opportunity on a level plot of 1007 square meters. The 1960-built home boasts 3 bedrooms, a single carpark, and a floor area of 104 square meters, featuring brick walls and an iron roof in fair condition. This property, set in a quiet cul-de-sac, is perfect for those seeking a home with potential for renovation and investment, with the government's capital value increasing from $345,000 in 2018 to $540,000 in 2021, showcasing a growth of 56.5%. The HouGarden AVM estimates the property's value at $500,000, making it an attractive prospect for buyers looking to capitalize on the property's upward trend.

Recent valuations and the property's history reflect a promising investment, with the added benefit of being located in a desirable school zone. The area's educational institutions are known for their high decile ratings, offering an excellent environment for growing families. This three-bedroom home, though in need of some TLC, presents a unique chance to create a dream living space with the right vision and effort.

With its convenient access to local amenities, proximity to well-regarded schools, and public transport, this property is not only a sound investment but also a home that can be transformed into a cozy haven. The spacious yard provides ample room for outdoor activities and potential extensions, while the interior, with its open-plan layout, invites creativity in redesigning the living areas and kitchen to suit modern preferences.

Updated on July 11, 2024