36 Rawhiti Avenue, Matamata, Matamata

Welcome to an exclusive opportunity at 36 Rawhiti Avenue, Matamata, a prime rental investment hitting the market for the first time. This property, nestled in a quiet cul-de-sac, offers a unique blend of convenience and potential. With a land area of 822 sqm and a floor area of 230 sqm, the property comprises two one-bedroom units at the front and middle, and a spacious two-bedroom unit with a single internal access garage at the rear. Built in 1970, its concrete block construction and iron roof, currently in average condition, promise low maintenance care. Ownership is simplified with a freehold title, ensuring a seamless transaction process.

Since 2018, the capital value has seen a significant increase from $450,000 to $640,000 in 2021, marking a 42.22% growth. The latest HouGarden AVM estimates the property's value at $612,500, while the most recent sale in December 2023 fetched $778,850, highlighting its investment potential. This property not only offers a stable income stream with excellent long-term tenants already in place but also stands as a testament to the robust growth in the Matamata real estate market.

Located within the Matamata Primary School zone, which boasts a decile rating of 6, this property promises a desirable educational environment. Its proximity to town ensures easy access to all amenities, offering convenience to both tenants and landlords alike. This is an ideal opportunity for those looking to secure a rewarding investment in a sought-after location.

Updated on April 06, 2024.