386 Thames Street, Morrinsville, Matamata

Nestled at 386 Thames Street, Morrinsville, this charming residential dwelling on a freehold title is a gem that's hitting the market after nearly half a century. Constructed in 1952 with wood walls and an iron roof, this 3-bedroom, 1-carpark home boasts an average wall and roof condition, sitting on a 756m2 site with an easy/moderate rise contour. The interior is graced with a maintained rimu kitchen, a separate laundry, and a master bedroom featuring double wardrobes, while the sun-soaked living areas are elevated, promising spacious and light-filled experiences. The property's capital value has seen a growth of 36.36% from $440,000 in 2018 to $600,000 in 2021, with a HouGarden AVM estimate of $582,500. A recent price reduction of $10,000 makes this an even more attractive opportunity.

From a valuation perspective, the property's CV increase is a testament to its appeal. The HouGarden AVM estimate further validates the property's worth, making it an intriguing prospect for potential buyers. The history of sales in the area also hints at a promising investment.

For families with school-aged children, the property falls within the zones of Morrinsville College (Secondary, Decile 6), Morrinsville Intermediate School (Intermediate, Decile 5), and Morrinsville School (Contributing, Decile 3), ensuring access to quality education. This lovingly maintained property in a quiet cul-de-sac is not just a home but a foundation for a promising future.

Updated on August 30, 2024