1 Gladstone Road, Matamata
Matamata-Piako District
$625,000
- 3
- 1
- 1
- 125m²
- 617 m²
- House
The perfect place to begin
Whether you're looking to secure your first home or add to your investment portfolio, this tidy three-bedroom brick home is well worth a look!
Featuring an updated kitchen with charming cottage-style appeal, a separate lounge warmed by a wood burner, heat pump and the added comfort of a ventilation and heat transfer system. With insulation top and bottom, comfort has been well considered.
The bathroom is also having a fresh makeover, complete with a new shower and vanity, nearing completion, photos to come.
Step outside to the covered porch, the perfect spot to relax with a cuppa and enjoy some summer shade. The well-fenced section offers space to enjoy, while the large single garage with a dedicated workspace is ideal for hobbies, projects or extra storage.
Conveniently located close to town, this is a home that offers comfort, practicality and plenty of potential.
We estimate it would sell for $593,000 as at 5 October 2026, in a range of $532,000 to $674,000.
How we worked this out
| Council valuation, Jul 2024 | $580,000 |
|---|---|
| Market movement in Matamata-Piako District since the council valuation | +2.9% |
| How Matamata sells against council values | +0.1% |
| Homes of this age in Matamata | +0.1% |
| Homes in this price range | +0.1% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | −0.8% |
| Its own sale in 2016 | −0.3% |
| Our estimate | $593,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales and its own last sale have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
1 Gladstone Road as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $585 | ||
| Property manager | ||
| Rent, 52 weeks | $30,420 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $25,038 | |
| Interest $415,100 at 6.00%, interest only | −$24,906 | |
| Cash flow before tax | +$132 | |
| Cash flow a week | +$3 | |
| Gross / net yield on the price | 5.1% / 4.2% | |
| Return on equity cash flow on the deposit, before tax | 0.1% | |
| Loses money above this interest rate, before tax | 6.03% | |
The rent covers the interest at rates up to 6.03%. That is 0.1% a year on a $178k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area125 m²
- Land area617 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilMatamata-Piako District
- Valuation #5316-1000
- Valuation date1 Jul 2024
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberSA960/103
- Title typeFreehold
- Legal descriptionLot 7 Deposited Plan 36896
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Matamata
8 people looked at properties in Matamata this week.
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.