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Unclaimed

8 Grace Avenue, Te Aroha

Matamata-Piako District

$850,000

  • 4
  • 2
  • 2
  • 971 m²
  • House
  • 1 Lounge
  • 1 Study / office
  • 1 Dining room
  • Ensuite
  • Separate toilet
  • Separate laundry
  • 2 Garage
  • Internal-access garage
  • Deck / patio
  • Garden shed
  • Heat pump
Fencing
Partially Fenced
Views
Local, Urban
Aspect
Westerly
Roof
Iron
Exterior
Brick / Masonry Veneer
Flooring
Carpet, Tiles, Vinyl
Hot water
Electric
Water supply
Town
Sewage
Mains

A Place to Call Home

If you're looking for a home where family can spread out, come together and make memories for years to come, this one deserves your attention!

Set on a generous 971sqm section, this substantial two-level home offers the space, comfort and flexibility that make family living so special.

Upstairs, the master bedroom is your own private retreat, complete with a generous wardrobe space and en-suite. A second double bedroom and study area provide extra space for working from home, teenagers or simply enjoying a little peace and quiet.

Downstairs, there's room for everyone, with two double bedrooms, a family bathroom, separate laundry and a large internal-access double garage. Add plenty of storage throughout, and you have a home that understands the practical side of busy family life.

Living and entertaining are a real highlight here. The open-plan kitchen, dining and sitting area creates a welcoming hub for everyday life, while the step-down lounge, with its beautiful timber ceiling beams and panelled walls, adds warmth, character and a place to unwind.

With two heat pumps and a pellet fire, you'll be comfortable through every season. Outside, enjoy the patio and generous rear lawn, with plenty of room for children to play, friends to gather or simply to relax and take in the lovely mountain outlook.

The location is just as appealing, with sports grounds, wetland walks and the Hauraki Rail Trail nearby. Within Stanley Avenue Primary School zoning, Te Aroha College within walking distance and a handy corner store make everyday life that little bit easier.

After 14 years with the same owners, this is a home ready to welcome its next family. With generous proportions, character-filled living and room to make it your own, it offers a wonderful opportunity to put down roots and create a lifetime of memories.

Come and discover the space, comfort and possibilities for yourself!

OwnBetter estimate
$934k
Medium confidence

We estimate it would sell for $934,000 as at 5 October 2026, in a range of $799,000 to $1,060,000.

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$920,000
Market movement in Matamata-Piako District since the council valuation+2.9%
Homes of this age in Te Aroha+0.1%
Homes in this price range+0.1%
Land as a share of the value−0.1%
Nearby recent sales (15)−1.4%
Our estimate$934,000

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

8 Grace Avenue as a rental

Rent estimate$735/wk$640–$850 · Little evidence
Gross yield4.1%$38,220 a year on $934k
Net yield3.4%After $6,762 of costs
Cash flow−$149/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $735
Property manager
Rent, 52 weeks$38,220
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$31,458
Interest $653,800 at 6.00%, interest only−$39,228
Cash flow before tax−$7,770
Cash flow a week−$149
Gross / net yield on the price4.1% / 3.4%
Return on equity cash flow on the deposit, before tax−2.8%
Loses money above this interest rate, before tax4.81%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.81%. That is -2.8% a year on a $280k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area257 m²
  • Land area971 m²
  • Decade built1990s
  • Bedrooms4
  • Bathrooms2
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilMatamata-Piako District
  • Valuation #5312-7600
  • 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 numberSA24C/292
  • Title typeFreehold
  • Legal descriptionLot 47 Deposited Plan South Auckland 25968
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?

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 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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