32 Ema Street, Te Aroha, Matamata

Nestled on a quarter-acre corner section at 32 Ema Street, Te Aroha, Matamata, this residential dwelling on freehold land boasts 3 bedrooms and 2 car parks. Constructed in 1920 with wood exterior walls and tiled roofing, the house has an average wall condition and a good roof condition. The property, with a floor area of 111 square meters and a land area of 1012 square meters, is situated on a level contour. It's a home that has been renovated but requires finishing touches, featuring a new bathroom and double garaging. It's conveniently located, just a short walk to town or school.

As for the property's financials, the capital value has seen a substantial increase from $285,000 in 2018 to $500,000 in 2021, reflecting a growth rate of 75.44%. The HouGarden AVM estimates the property's value at $480,000. The latest sale history includes transactions in 2024 for $540,000 and in 1994 for $55,000, indicating a significant appreciation over the years.

For families with children, the property falls within a desirable school zone. The local schools are known for their high decile ratings, ensuring quality education for the kids.

Updated on April 11, 2024