22 Kilbride Road, Matamata, Matamata

Nestled on a serene cul-de-sac at 22 Kilbride Road, Matamata, this residential dwelling on a freehold title boasts a 1950 construction with aluminium roofing and wooden exterior walls in average condition. Spanning across 160 square meters of floor area and a vast 1000 square meters of land, this property offers 3 bedrooms, 2 carparks, and the comfort of a heat pump. With a government capital value of $600,000 as of July 2021, it has shown a remarkable growth rate of 42.86% since July 2018, reflecting a strong investment potential.

Valued at $547,500 by HouGarden AVM, this property presents a lucrative opportunity, whether for subdivision potential (STCA) or as a blank canvas for new beginnings. The recent sale history and the property's contour being level add to its allure. Not to mention, the addition of insulation and the two-year-old heat pump enhance its appeal as a cozy family home.

For families with children, the property falls within the Matamata Primary School zone, a contributing school with a decile rating of 6. This combination of investment value, potential for development, and access to quality education makes this property a rare find at an affordable price point.

Updated on December 09, 2024