Nestled in a serene cul-de-sac at 9 Sylvan Place, Matamata, this freehold property is a charming residential dwelling built in 1965. The well-maintained brick exterior and iron roof house a comfortable 106 square meters of floor area, spread across three generous bedrooms, a modern bathroom, and an open-plan living area complemented by a conservatory. The 804 square meter section is level, fenced, and landscaped, with a single garage, carport, and additional off-street parking. The property is equipped with a heat pump and a fireplace, enhancing its appeal. The capital value has seen a significant increase of 48.24% from $425,000 in 2018 to $630,000 in 2021, with the HouGarden AVM estimating the property at $577,500. The latest sale history includes a transaction at $615,000 in 2024 and $278,000 in 2015, reflecting a promising investment opportunity.
With a desirable school zone, the property is close to esteemed educational institutions, making it an ideal choice for families. The excellent tenant in place adds to the investment potential, offering a stable income stream while the property appreciates in value.
Updated on December 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.07 km | 4 | 2 | 215m2 | 2024 12 05 | - | Council approved | |
 | 0.31 km | 5 | 2 | 208m2 | 2024 09 19 | - | Council approved | |
 | 0.21 km | 3 | 1 | 121m2 | 2024 07 26 | $653,000 | Council approved | |
0.23 km | 5 | 205m2 | 2024 07 15 | $780,000 | Council approved | |||
 | 0.19 km | 3 | 113m2 | 2024 07 03 | $565,000 | Council approved |