Nestled on 5000sqm of level land in the serene Matangi, this Freehold property boasts a charming 5-bedroom, 2-bathroom home with a floor area of 202sqm and 4 car parks. Constructed in 1930 with wood walls and an iron roof, both in average condition, the property includes a second dwelling, offering an instant income opportunity. The Capital Value (CV) has maintained at $1,300,000 since 2023, with a HouGarden AVM of $1,190,000 and a latest sale price of $1,302,000 in 2024, showing a significant increase from the 2015 sale of $700,000. Matangi School, a Contributing school with a decile of 10, and other well-rated schools are within the zone, making this property an ideal family home.
With a property contour that's perfectly level, the home enjoys a quiet and private setting. The main dwelling features solid stucco construction, double glazed windows, native timber floors, and a cozy lounge with a heat pump. The spacious kitchen overlooks the park-like grounds, while the renovated bathroom and separate laundry provide convenience. The second dwelling is a private retreat with its own power metering, septic system, and garage, enjoying a north-facing view over a paddock.
Matangi is a highly sought-after lifestyle location, minutes from Hamilton and Cambridge. The area is known for its fresh air and space, with a strong community spirit. The property is in the catchment area of Matangi School, Marian Catholic School, Hillcrest High School, and Berkley Normal Middle School, all recognized for their high decile ratings and quality education.
Updated on December 18, 2024