9 Sylvan Place, Matamata, Matamata

Nestled in a serene cul-de-sac at 9 Sylvan Place, Matamata, this freehold property is a charming residential dwelling built in 1965. The well-maintained brick exterior and iron roof house a comfortable 106 square meters of floor area, spread across three generous bedrooms, a modern bathroom, and an open-plan living area complemented by a conservatory. The 804 square meter section is level, fenced, and landscaped, with a single garage, carport, and additional off-street parking. The property is equipped with a heat pump and a fireplace, enhancing its appeal. The capital value has seen a significant increase of 48.24% from $425,000 in 2018 to $630,000 in 2021, with the HouGarden AVM estimating the property at $577,500. The latest sale history includes a transaction at $615,000 in 2024 and $278,000 in 2015, reflecting a promising investment opportunity.

With a desirable school zone, the property is close to esteemed educational institutions, making it an ideal choice for families. The excellent tenant in place adds to the investment potential, offering a stable income stream while the property appreciates in value.

Updated on December 18, 2024