10 Koromiko Street, Te Aroha, Matamata

Nestled at 10 Koromiko Street, Te Aroha, Matamata, this charming residential dwelling, built in 1910, boasts 3 bedrooms, 1 bathroom, and a single carpark. The property sits on a generous land area of 1145 square meters, with a floor area of 86 square meters. The exterior walls, constructed from wood, and the iron roof are both in average condition, complementing the easy-to-moderate rise contour of the land. This freehold property is a perfect blend of classic charm and modern convenience.

Since the latest sale in 1996, the capital value has seen a remarkable increase from $38,000 in 2018 to $50,000 in 2021, indicating a growth rate of 31.58%. The HouGarden AVM estimates the property's value at $49,000, affirming its investment potential. The property's sale history shows its value has appreciated significantly since the purchase in 1990 for $25,000 and the subsequent sale in 1996 for $52,500.

For families with children, the property falls within a desirable school zone. With a decile rating that reflects its high standard, the local schools are sure to provide an excellent education for your children.

Updated on August 22, 2024