5 Hamilton Street, Te Aroha, Matamata

Nestled on a level contour in the serene Te Aroha, this 1950-built residence boasts 2 bedrooms, 1 bathroom, and a carpark. The 88sqm floor area is complemented by a spacious 706sqm freehold section. The property, located at 5 Hamilton Street, features wood walls and tiled roofing, both in poor condition, offering a project for the handy buyer. The capital value has seen a substantial increase from $280,000 in 2018 to $500,000 as of July 2021, reflecting a growth rate of 78.57%. The HouGarden AVM estimates the property at $480,000, while the latest sales were recorded at $130,000 in 2012 and $74,000 in 1998.

With features such as an open fire and woodburner, this home awaits the finishing touches to reach its full potential. The property falls within a desirable school zone, enhancing its appeal for families.

Part of the Matamata-Piako district, the property benefits from a reputable school network. The local schools are known for their high decile ratings, ensuring quality education for the children.

Updated on October 26, 2024