Nestled at 7 Terminus Street, Te Aroha, Matamata, this residential dwelling on a freehold title is a charming example of practicality meets potential. Constructed in 1930 with fibrous cement walls and tiled roofing, the property boasts 3 bedrooms, 1 bathroom, a single carpark, and a floor area of 96 square meters on a level contour, sitting prettily on a land area of 723 square meters. The average condition of both the walls and roof hints at a solid structure that's ripe for some TLC to truly shine.
Since 2018, the capital value has seen a substantial increase of 53.85% to reach $500,000 as of July 2021, according to government valuations. The HouGarden AVM estimates the property's worth at $490,000, while the latest sales history shows a transaction at $540,000 in November 2021 and another at $330,000 in August 2016. This upward trend in value is an attractive prospect for investors and homeowners alike.
For families with children, the property falls within a desirable school zone. With a decile rating that reflects its educational excellence, the local schools are sure to provide a nurturing environment for learning. This combination of a prime location, coupled with the property's growth potential and access to quality education, makes it an opportunity that knocks loud and clear.
Updated on August 22, 2024
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.71 km | 0m2 | 2024 11 04 | $295,000 | Council approved | |||
 | 0.44 km | 3 | 1 | 103m2 | 2024 10 25 | $597,000 | Council approved | |
 | 0.91 km | 4 | 113m2 | 2024 10 22 | $665,000 | Council approved | ||
 | 0.86 km | 3 | 1 | 130m2 | 2024 10 10 | - | Council approved | |
0.62 km | 2 | 1 | 70m2 | 2024 08 22 | - | Council approved |