47 Tower Road, Matamata, Matamata

Nestled on a level plot at 47 Tower Road, Matamata, this freehold property is a charming residential dwelling built in 1980 with concrete walls and an iron roof, both in good condition. It boasts 3 bedrooms, a spacious floor area of 114sqm, and a generous land area of 609sqm, complete with a double carpark and a heat pump for year-round comfort. The open plan design is complemented by new carpet and insulation, offering a cozy yet functional living space that captures all-day sun.

Since 2018, the property has seen a significant Capital Value increase of 46.67%, reaching $660,000 as of July 2021. The HouGarden AVM estimates it at $632,500, while the latest sales history shows a progression from $265,000 in 2006 to $280,000 in 2007, indicating a promising investment opportunity.

For families, the property falls within the Matamata Primary School zone, a contributing school with a decile rating of 6, ensuring quality education for the children. This combination of a solidly-built home, potential for value growth, and access to a reputable school system makes it an attractive option for both investors and families.

Updated on April 26, 2024