2a Lewis Street, Waihou, Matamata

Nestled in the tranquility of Lewis Street, Waihou, Matamata, this quaint two-bedroom, one-bathroom cottage on cross-lease land presents a unique opportunity. Constructed in the 1930s with wood walls and an iron roof, it offers a fair roof condition and an average wall condition. The property, with a floor area of 70 square meters, sits on a level contour, inviting DIY enthusiasts and renovators to unlock its potential. The capital value has seen a significant increase, rising from $225,000 in 2018 to $365,000 in 2021, indicating a growth rate of 62.22%. The HouGarden AVM estimates the property's worth at $367,500, while the latest sale history shows transactions at $268,000 in 2024 and $150,000 in 2007.

For families with children, the property falls within the zones of the Elstow-Waihou Combined School, a full primary with a decile rating of 7, and Stanley Avenue School, also a full primary but with a decile rating of 4. This charming cottage not only offers a peaceful living environment but also holds the promise of a sound investment in a desirable school district.

Don't let this chance slip by; imagine the possibilities of transforming this blank canvas into your dream home or a lucrative investment in the thriving Waihou real estate market.

Updated on September 11, 2024