Nestled at the back of a serene 796m2 section in a rural environment with horses in the backdrop, this freehold property at 26 Banks Road, Matamata, is a charming residence. Constructed in 2007 with iron walls and roof, it boasts a single bedroom, a bathroom, two carparks, and a spacious open-plan living area. The floor area is a cozy 54m2, complemented by a north-facing deck that bathes in all-day sun and offers an unobstructed view of the Kaimai Range. The property's CV has seen a remarkable increase from $320,000 in 2018 to $510,000 as of July 2021, a growth rate of 59.375%. The HouGarden AVM estimates the property's value at $475,000, while the latest sale in 2017 was for $290,000. Matamata Primary School, a contributing school with a decile rating of 6, is in the zone.
With potential for modifications and already approved council plans, this home offers versatility. Whether you seek a starter home, a place to live while building your dream house, or simply a peaceful retreat from life's complexities, this property presents numerous possibilities.
Located in a developing area with higher-value modern homes, this could well be Matamata's best deal of the year. Embrace the simplicity, and explore the potential of this unique property.
Updated on May 20, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.28 km | 4 | 217m2 | 2024 09 20 | $993,000 | Council approved | ||
 | 0.45 km | 3 | 2 | 151m2 | 2024 09 12 | $785,000 | Council approved | |
 | 0.33 km | 4 | 226m2 | 2024 08 11 | $990,000 | Council approved | ||
 | 0.53 km | 6 | 3 | 180m2 | 2024 07 17 | - | Council approved | |
 | 0.34 km | 4 | 200m2 | 2024 06 19 | $880,000 | Council approved |