40 Western Street, Matamata, Matamata

Located at 40 Western Street, Matamata, this charming residential dwelling offers a blend of classic design and development potential. Built in 1937, the house features three bedrooms, one bathroom, and one carpark, covering a floor area of 99 m2 on a generous freehold land area of 1012 m2. The property's construction comprises wood walls in average condition and an iron roof, also in average condition, set on a level contour. Highlighting its potential, the property is equipped with solar panels for cost-effective hot water, ceiling insulation, and a wood burner, ensuring a warm and cosy environment. The expansive yard offers endless possibilities for outdoor activities, development, or investment opportunities.

Over the years, the property has seen a significant increase in its capital value, from $390,000 in July 2018 to $590,000 in July 2021, marking a 51.28% growth. The HouGarden AVM estimates the property's value at $577,500, reflecting its potential in the current market. This property represents an excellent opportunity for renovation, development, or as an investment, with its sub-dividable section and proximity to local amenities, schools, parks, and public transport.

The property falls within a sought-after school zone, ensuring access to quality education. Its established location and the potential for further development make it an attractive option for families, investors, or those looking to create their dream outdoor space.

Updated on March 22, 2024.