19c Allen Street, Morrinsville, Matamata

Nestled at 19c Allen Street in the serene Morrinsville, Matamata, this commercial property is set on a spacious 383 square meters of freehold land. While the specifics of the exterior walls and roof construction remain unknown, the property presents a unique opportunity for investors. It boasts a single bathroom and is devoid of parking spaces, suggesting avacant lot ready for development. The property has seen a substantial increase in its Capital Value (CV), rising from $95,000 in 2018 to $145,000 as of 2021, indicating a growth rate of 52.63%.

As per the latest market valuation, the HouGarden AVM estimates the property's worth at $145,000, closely aligning with the government's assessment. The most recent sale was recorded on September 16, 2024, at $75,000, potentially highlighting a lucrative investment opportunity.

For families with educational considerations, the property falls within the zones of Morrinsville College (Secondary, Decile 6), Morrinsville Intermediate School (Intermediate, Decile 5), and Morrinsville School (Contributing, Decile 3), ensuring access to a range of educational facilities.

Updated on October 02, 2024