17 East Avenue, Te Aroha, Matamata

Located at 17 East Avenue, Te Aroha, Matamata, this residential dwelling is a testament to family values and rental reliability. Built in 1973, the property boasts a mix of materials for its walls and tiles for the roof, both in good condition. It features four bedrooms, a spacious floor area of 130m2, and sits on a generous land area of 1012m2. The freehold property is designed with an easy/moderate rise contour, offering three car parks. The modernised interior includes a contemporary kitchen, a walk-in pantry, a family bathroom, a separate w/c, a designated laundry room, and the comfort of insulation and a heat pump. The outdoor area is enhanced with a swimming pool and a versatile room adjacent to the garage, ideal for a sleepout or hobby retreat.

Over the years, the property has seen a significant increase in its capital value, from $500,000 on July 1, 2018, to $740,000 on July 1, 2021, marking a 48% growth. The latest sale on February 8, 2024, was at $700,000, slightly below the HouGarden AVM of $710,000. This growth trajectory underscores the property's investment potential and appeal to both up-sizers and investors.

The property is zoned for top-rated schools, ensuring educational excellence for resident families. Its location offers easy access to local shops, schools, and the CBD, making it a convenient choice for everyday living. The blend of family-friendly design, investment potential, and educational opportunities makes this property a standout choice.

Updated on April 05, 2024.