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
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 1 | 109m2 | 2024 04 23 | $640,000 | Council approved | |
 | 0.27 km | 3 | 2 | 262m2 | 2024 03 22 | $810,000 | Council approved | |
 | 0.21 km | 4 | 2 | -m2 | 2024 03 06 | $860,000 | Council approved | |
0.20 km | 3 | 190m2 | 2024 03 04 | $810,000 | Council approved | |||
0.29 km | 3 | 1 | 134m2 | 2024 01 19 | $670,000 | Council approved |