Welcome to this charming 3-bedroom, 1-bathroom residence, a perfect fit for first-time buyers or shrewd investors. Nestled on a generous 675 sqm freehold section at 14 Matamata Place, Otara, this attractively renovated property blends comfort with convenience. Constructed in 1960 with fibrous cement walls in good condition and tiled roofing that's average, this home is heated by a reliable heat pump. The property enjoys an easy to moderate contour and is complemented by a double carpark and a fully fenced flat land, offering both security and space. The capital value has seen a significant increase of 40.35%, jumping from $570,000 in 2017 to $800,000 as of June 2021. HouGarden AVM estimates the property's worth at $770,000, while the latest sales were recorded at $773,000 in 2022 and $900,000 in 2021. Educationally, the property falls within the zone of Sir Edmund Hillary Collegiate Middle and Senior Schools, both rated decile 1. This home is not just a shelter but a sound investment in a sought-after location.
Key property highlights include its spacious bedrooms, modern kitchen, separate lounge, and the potential for future development in the mixed housing suburban zone. With renovations complete, it's ready for you to move in and enjoy the benefits of a prime location, close to schools, motorways, and local shops.
For families with children, the school network is a significant plus. Sir Edmund Hillary Collegiate Middle School caters to intermediate students, while the Senior School is equipped to take students from Year 9 through to Year 15, both boasting a decile rating of 1.
Updated on October 09, 2024