Located at 26 Gladstone Road, Matamata, this residential rental flats complex presents an excellent investment opportunity with five incomes. The property features 7 bedrooms, a floor area of approximately 330 m2, and a substantial land area of 1,300 m2. Ownership is freehold, ensuring long-term value. The building, constructed in 1960 with brick walls and an iron roof, is in average condition. It offers good off-street parking with three carports and is fully tenanted, generating a current rental return of approximately $86,840 gross per annum. The property's level contour and low-maintenance, fenced section with two entrances add to its appeal.
The property has seen a significant capital value increase, from $730,000 on July 1, 2018, to $960,000 on July 1, 2021, marking a 31.51% growth. The latest sale on December 7, 2023, was at $1,110,000, significantly higher than its HouGarden AVM of $922,500. This growth trajectory underscores the property's solid investment potential.
Located within the Matamata Primary School zone, which has a decile rating of 6, the property benefits from being in a good educational environment. This factor, combined with the property's features and investment returns, makes it a compelling choice for investors looking to expand their portfolio.
Updated on April 06, 2024.
ਗਲੀ ਪਤਾ | ਦੂਰੀ | ਕਮਰੇ ਦੀ ਗਿਣਤੀ | ਬਾਥਰੂਮ ਦੀ ਗਿਣਤੀ | ਇਮਾਰਤ ਖੇਤਰ | ਵਿਕਰੀ ਸਮਾਂ | ਵਿਕਰੀ ਕੀਮਤ | ਡਾਟਾ ਸਰੋਤ | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 1 | 130m2 | 2024 ਸਾਲ 12 ਮਹੀਨਾ 12 ਦਿਨ | - | Council approved | |
 | 0.17 km | 3 | 1 | 110m2 | 2024 ਸਾਲ 11 ਮਹੀਨਾ 01 ਦਿਨ | - | Council approved | |
 | 0.14 km | 3 | 1 | 124m2 | 2024 ਸਾਲ 10 ਮਹੀਨਾ 25 ਦਿਨ | - | Council approved | |
 | 0.15 km | 4 | 1 | 136m2 | 2024 ਸਾਲ 09 ਮਹੀਨਾ 20 ਦਿਨ | $550,000 | Council approved | |
 | 0.14 km | 3 | 155m2 | 2024 ਸਾਲ 08 ਮਹੀਨਾ 28 ਦਿਨ | $714,000 | Council approved |