445 Matangi Road, Matangi, Waikato

Nestled in the serene Matangi, Waikato, this exquisite freehold property on 445 Matangi Road boasts a capital value of $1,640,000, unchanged since 2017, yet its potential is undeniable. The 6-bedroom, 5-carpark home, built in 1980 with iron roofing and wooden exterior walls, sits on a level 12,300m2 land area, exuding an average condition both inside and out. The main villa, a 4-bedroom charmer, features period details like high stud, native timber flooring, and leadlight windows, complemented by a chef's kitchen that opens to a combination of informal and formal living spaces, and a grand dining area. The property's highlight includes two separate cottages, Magnolia and Walnut, each with its own amenities, offering both luxurious guest accommodations and income opportunities. The latest sale was in 1998 for $445,000, while the current HouGarden AVM estimates it at $1,517,500, hinting at a hidden gem waiting to be discovered.

With a CV increase of 0.0% over the years, this property's value is underpinned by its location within a prime school zone. Matangi School, a contributing school with a decile rating of 10, is within reach, as are Marian Catholic School (decile 7), Hillcrest High School (decile 7), and Berkley Normal Middle School (decile 8), ensuring top-notch education for the family.

This property is not just a home but a lifestyle choice, with manicured gardens and a centennial oak tree gracing the front. The opportunity to live in a tranquil cul-de-sac while enjoying the benefits of additional dwellings and outbuildings, including a three-car garage, makes this a rare find. It's a place where luxury meets practicality, where the past blends with the present, and where every detail is a testament to the good life.

Updated on June 07, 2024