Old Te Aroha Road, Okauia, Matamata

Nestled on a level plot at Old Te Aroha Road, Okauia, Matamata, this lifestyle property boasts a spacious land area of 55,720 sqm. It is offered with the security of freehold title, allowing for long-term investment and development potential. While the specifics of the exterior walls and roof construction remain unknown, the property presents a unique opportunity for those seeking a tranquil escape in a quiet cul-de-sac. With no details on the number of bedrooms, bathrooms, or carparks, this vacant land holds the promise of customization to the buyer's vision.

As per the government's valuation, the capital value has seen a significant increase from $690,000 in July 2018 to $1,030,000 in July 2021, reflecting a growth rate of approximately 49%. The HouGarden AVM estimates the property's worth at $1,015,000, closely aligning with the government's valuation. The latest sale record, from October 17, 2024, indicates a transaction price of $750,000, highlighting the ongoing interest and market activity in the area.

For families with educational considerations, the property falls within a school zone with favorable decile ratings. While specific school details are not provided, the zone's reputation for quality education adds to the property's appeal, making it an attractive prospect for those with a long-term perspective on lifestyle and education.

Updated on November 27, 2024