6 Anzac Avenue, Morrinsville, Matamata

Located at 6 Anzac Avenue, Morrinsville, Matamata, this property presents a promising opportunity for development or renovation. With a floor area of 190m2 and sitting on a generous 898m2 level section, the property comprises two separate dwellings; the front dwelling features 2 bedrooms, while the back dwelling offers 3 bedrooms. Both dwellings are constructed with mixed materials for the walls and roof, indicating a blend of durability and aesthetic appeal. The property is a freehold, ensuring complete ownership without the complications of shared land. The property falls under the 'Residential - Rental flats (purpose built)' category, highlighting its potential as a lucrative investment for rental income.

The capital value of the property has seen a significant increase, from $390,000 on July 1, 2018, to $610,000 on July 1, 2021, marking a 56.41% growth. This rapid appreciation in value underscores the property's investment potential. The latest HouGarden AVM estimates the property's value at $597,500. Historical sales data reveals the property was last sold for $285,000 on July 19, 2016, and previously for $89,500 on October 18, 1996, demonstrating a steady increase in market value over the years.

The property is ideally located within the school zones of Morrinsville College (Secondary, decile 6), Morrinsville Intermediate School (Intermediate, decile 5), and Morrinsville School (Contributing, decile 3). This strategic location offers excellent educational opportunities, making it an attractive option for families.

Updated on March 22, 2024.