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Unclaimed

2 Aroha View Avenue, Te Aroha

Matamata-Piako District

$599,000

  • 3
  • 1
  • 120m²
  • 468 m²
  • House

Old-School Charm, New-School Cool!

Who says you can't teach an old house new tricks? This gorgeous three-bedroom bungalow has had one seriously stylish makeover, bringing the best of yesterday and today together under one very cool roof. Beautifully renovated, it's packed with personality. Polished timber floors, feature ceilings and gorgeous timber detailing give a nod to its heritage, while the fresh, modern interior brings it firmly into the 21st century. The funky new kitchen is a real showstopper, bringing a fresh, contemporary feel to the heart of the home. Stylish finishes, modern cabinetry and a clever blend of practicality and personality make it a space that's as good-looking as it is functional. Whether you're whipping up a quick dinner or entertaining friends, this kitchen is ready for action. The bathroom has had its own stylish transformation, with beautiful modern finishes creating a fresh, inviting space that feels right at home in this character beauty. And as an added bonus, there's a second toilet – because some of life's greatest luxuries are the little things (especially when someone's taking forever in the bathroom!). Fresh paint, new carpet and stylish finishes complete the transformation, while double glazing and a heat pump keep things cosy and comfortable all year round. It's got character without the compromises, charm without the chores, and just the right amount of old-school personality mixed with modern-day practicality.

Open homes 1

Sun, 8 Nov12:15 pm – 12:45 pm
.ics
OwnBetter estimate
$477k
Medium confidence

We estimate it would sell for $477,000 as at 5 October 2026, in a range of $408,000 to $542,000.

Typical home in Te Aroha
$619k
The median of our estimates of its 2,000 homes
How we worked this out
Council valuation, Jul 2024$460,000
Market movement in Matamata-Piako District since the council valuation+2.9%
Homes of this age in Te Aroha−0.4%
Homes in this price range+1.1%
Our estimate$477,000

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 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.

My notes
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What it costs to live here

Home expense estimates

—a month, all in

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.

Investor insights

2 Aroha View Avenue as a rental

Rent estimate$525/wk$450–$610 · Little evidence
Gross yield5.7%$27,300 a year on $477k
Net yield4.7%After $4,830 of costs
Cash flow+$47/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $525
Property manager
Rent, 52 weeks$27,300
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$22,470
Interest $333,900 at 6.00%, interest only−$20,034
Cash flow before tax+$2,436
Cash flow a week+$47
Gross / net yield on the price5.7% / 4.7%
Return on equity cash flow on the deposit, before tax1.7%
Loses money above this interest rate, before tax6.73%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.73%. That is 1.7% a year on a $143k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area120 m²
  • Land area468 m²
  • Decade built1940s
  • Bedrooms3
  • Parking1 car space
  • Property categoryUse not published
  • CouncilMatamata-Piako District
  • Valuation #5312-24101
  • 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 number1229876
  • Title typeFreehold
  • Legal descriptionLot 1 Deposited Plan 615428
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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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?

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About Te Aroha

Matamata-Piako District
2,621
Properties on the rating roll
1 Jul 2024
Last council revaluation

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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