
243C Matai Road, Matamata
Matamata-Piako District
Deadline Sale
- 2
- 2
- 2
- 8 ha
- Lifestyle with dwelling
Huge shedding, 8ha & modern home
A substantial 58m x 16m shed, 8 hectares (more or less) of grazing land and a modern two-bedroom home combine to create a property with genuine versatility, just 5.7km from Matamata township.
Wander down the tree-lined driveway to a well-positioned home nestled into the Peria Hills. The modern home offers two bedrooms, two bathrooms, generous interior storage and rural views from every room. Double glazing adds to the comfort, while the home's position makes the most of the peaceful rural surroundings.
The 58m x 16m shed is the standout feature, offering substantial versatility for farming, storage, workshop or business use. Originally constructed as a chicken shed, it has a concrete floor and incorporates a workshop accessed through the double garage, complete with automatic doors, rear access to the farm and several side doors for easy access and functionality.
The 8 hectares (more or less) provide a well-established grazing platform with 11 post-and-wire fenced paddocks, currently utilised for rearing approximately 40 calves & harvesting supplement. Water is well catered for, with an on-site bore supplying the property, while the home is serviced by a UV filtration system and domestic water pump. The farm's stock water supply is gravity fed, with an additional rainwater collection tank connected to the large shed. This tank is interlinked with the farm water supply, providing additional water storage for the property.
Offering an impressive combination of huge shedding, productive land and a modern home, all within easy reach of Matamata, this is a property that provides space, versatility and plenty of options.
We estimate it would sell for $1,470,000 as at 5 October 2026, in a range of $1,260,000 to $1,770,000.
How we worked this out
| Council valuation, Jul 2024 | $1,370,000 |
|---|---|
| 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 | +0.2% |
| Homes in this price range | −1.0% |
| Land as a share of the value | +0.9% |
| Nearby recent sales (2) | +0.2% |
| Its own sale in 2021 | +3.9% |
| Our estimate | $1,470,000 |
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.
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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.
243C Matai Road as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $920 | ||
| Property manager | ||
| Rent, 52 weeks | $47,840 | |
| 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 | $39,376 | |
| Interest $1,029,000 at 6.00%, interest only | −$61,740 | |
| Cash flow before tax | −$22,364 | |
| Cash flow a week | −$430 | |
| Gross / net yield on the price | 3.3% / 2.7% | |
| Return on equity cash flow on the deposit, before tax | −5.1% | |
| Loses money above this interest rate, before tax | 3.83% | |
The rent covers the interest at rates up to 3.83%. That is -5.1% a year on a $441k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area125 m²
- Land area8 ha
- Decade built2010s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilMatamata-Piako District
- Valuation #5320-49615
- 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 number311733
- Title typeFreehold
- Legal descriptionLot 3 Deposited Plan 377660
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
11 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.
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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