16 Ratcliffe Street, Matamata, Matamata

Nestled at the end of a quiet cul-de-sac in Matamata, this 1961-built, freehold property boasts a generous land area of 759sqm. The 92sqm floor area encompasses three bedrooms, one bathroom, and an open-plan living space complemented by a conservatory. The exterior features stonewall construction and a tiled roof, both in average condition, while the carport and additional parking accommodate up to three vehicles. With a current Capital Value (CV) of $530,000, this property has seen a remarkable increase of 55.88% from its 2018 CV of $340,000. The HouGarden AVM estimates the property's value at $525,000, closely aligning with the latest sale price of $480,000 in October 2024. This home, located in the Matamata Primary School zone with a decile rating of 6, presents a golden opportunity for first-time buyers or investors looking to capitalize on the potential value addition.

Financial advisor Hannan McQueen's advice to seize the moment and buy now echoes the sentiment that low-interest rates often precede a significant lift in house prices. This property, with its one-owner history, offers a solid foundation for a family's safety and happiness. The original weatherboard exterior has been transformed with local Hinuera Stone and aluminium joinery, reducing maintenance needs. The well-situated section enjoys all-day sun and is primed for a refresh to modernize the interior. Storage is ample with a lockable shed, and the established vegetable garden and citrus trees are a bonus.

For families with school-age children, the property falls within the Matamata Primary School zone, a contributing school with a decile rating that signifies a good standard of education. This home's combination of location, potential for value growth, and comfortable living makes it an attractive prospect for both first-home buyers and investors.

Updated on November 20, 2024