10 Oak Street, Morrinsville, Matamata

Nestled in the serene Oak Street, this freehold property on 809m2 of land is a charming residence from 1990, featuring 3 bedrooms, 2 carparks, and a spacious 180m2 floor area. The solid brick exterior and iron roof are both in good condition, setting a robust foundation for future renovations. The capital value has seen a significant increase of 40%, jumping from $550,000 in 2018 to the current $770,000, while the HouGarden AVM estimates it at $740,000. The latest sale was in 1993 for $42,000, highlighting the property's potential for growth. In terms of education, the property falls within the zones of Morrinsville College (Decile 6), Morrinsville Intermediate School (Decile 5), and Morrinsville School (Decile 3), offering a range of options for families.

With a rich history and a promising future, this property is an ideal investment for those seeking a rental income or a first home. The generous land size and versatile layout, complete with two living spaces, provide a perfect canvas for transformation. The added bonus of a double car garage and additional parking is a convenience that can't be overstated in this tranquil, yet conveniently located, cul-de-sac.

For the handyman or the discerning buyer looking to put their stamp on a property, 10 Oak Street is a golden opportunity. It's not just a house; it's a potential haven waiting to be realized.

Updated on April 30, 2024