Nestled in the tranquility of 51a Rata Street, Matamata, this residential ownership home unit boasts a charming layout with two bedrooms and a single carpark. Constructed in 1993 with stone walls and an iron roof, both in good condition, this property sits on a level contour. The 110sqm floor area is designed for easy living, featuring an open plan that's ideal for family visits. The heat pump ensures comfort, while the insulation in the ceiling adds to the energy efficiency. This cross-lease property has seen a significant Capital Value (CV) increase from $385,000 in 2018 to $560,000 in 2021, a growth rate of 45.45%. The HouGarden AVM estimates the property's worth at $542,500, and the latest sale history shows a progression from $88,650 in 1993 to $115,000 in 1996.
As for the government's valuation, the property has appreciated steadily, reflecting a promising investment. The Matamata Primary School, a contributing school with a decile rating of 6, is in the zone, ensuring quality education for the family. This home offers a chance to downsize without compromising on independence and comfort.
Located in a quiet cul-de-sac, this property presents an opportunity to enjoy a peaceful lifestyle while being part of a friendly community. Whether you seek a secure residence for yourself or your loved ones, this home is a wise choice that promises both comfort and convenience.
Updated on August 21, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.43 km | 3 | 1 | 95m2 | 2024 10 08 | - | Council approved | |
 | 0.43 km | 3 | 123m2 | 2024 09 25 | $665,000 | Council approved | ||
 | 0.42 km | 4 | 1 | 140m2 | 2024 09 13 | - | Council approved | |
0.34 km | 3 | 1 | 94m2 | 2024 08 27 | $612,500 | Council approved | ||
 | 0.00 km | 2 | 1 | 110m2 | 2024 07 23 | - | Council approved |