2 Rawiri Street, Morrinsville, Matamata

Nestled in the serene Lockerbie Subdivision, 2 Rawiri Street presents a unique opportunity to own a prime corner site on Freehold land. This vacant residential lot, with an area of 622 square meters, offers the flexibility to build a home tailored to capture the breathtaking sunrise over the Kaimai Ranges and Mt Te Aroha. The property's Capital Value as of July 2021 stands at $370,000, reflecting a promising investment in a rapidly appreciating area. With unknown roof and wall construction, this level plot is a blank canvas waiting for your architectural vision to unfold.

History shows a consistent rise in value, with the latest sale recorded at $320,000 in February 2023, a significant increase from the previous sale of $243,800 in November 2020. The HouGarden AVM estimates the property's worth at $367,500, underlining the steady growth in this desirable location. The property's potential is further enhanced by its proximity to well-regarded educational institutions, including Morrinsville College, David Street School, and Morrinsville Intermediate School, all within a decile range of 5 to 6.

For families with educational priorities, this property falls within the catchment area of these schools, ensuring access to quality education. This corner site delight is a golden opportunity to create your dream home in an established neighborhood of a thriving subdivision.

Updated on November 06, 2024