258 Rangitanuku Road, Te Poi, Matamata

Nestled at 258 Rangitanuku Road, Te Poi, Matamata, this charming residential dwelling, built in 1962, offers 2 bedrooms and 1 bathroom. It sits on a levelled freehold section of 1214 square meters, with a floor area of 86 square meters. The exterior walls, constructed of wood, and the iron roof are both in average condition. The property, with no car parks, is equipped with a heat pump for comfort. Over the years, the capital value has seen a significant increase from $300,000 in July 2018 to $430,000 in July 2021, reflecting a growth rate of 43.33%. The HouGarden AVM estimates the property's worth at $412,500, while the latest sale history shows a transaction of $500,000 in March 2024, a substantial leap from the previous sale of $230,000 in March 2016.

With a government-estimated capital value on the rise and a recent sales history indicating a robust market, this property presents a promising investment opportunity. The consistent increase in CV over the past years underscores the potential for further growth in this desirable location.

For families with children, the school zone is a significant advantage. The local schools are well-rated, ensuring access to quality education. This quiet cul-de-sac provides a peaceful environment, ideal for raising a family or simply enjoying a serene lifestyle.

Updated on April 11, 2024