3/75 Studholme Street, Morrinsville, Matamata

Embrace this charming two-bedroom unit, nestled in a tranquil cul-de-sac at 3/75 Studholme Street, Morrinsville, Matamata. This residential ownership home unit, built in 1980, boasts a brick exterior and tiled roof, both in good condition. It sits on a level contour with a floor area of 100 square meters and is under a Cross-Lease title. The property features a heat pump, open-plan living, and a sunny conservatory, perfect for leisurely mornings and relaxed afternoons. It includes a single carport and internal access garage for convenient parking.

Notably, the Capital Value (CV) has seen a growth of 46.48% from $355,000 in 2018 to $520,000 as of July 2021. The HouGarden AVM estimates the property's worth at $500,000, while the latest sales history in 2015 records transactions at $235,000. This indicates a promising investment opportunity with a steady increase in value.

For families, the property falls within the zones of Morrinsville College (Decile 6), Morrinsville Intermediate School (Decile 5), and Morrinsville School (Decile 3), ensuring quality education for all ages. This unit is a gem for both investors seeking rental returns and first-time buyers looking for a low-maintenance, well-located home.

Updated on October 10, 2024