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2/44 Lorne Street

Melville Waikato

4
4
2
House
Currently for sale - view listing

Overview

Prime investment opportunity

Positioned in a high-demand pocket directly across from Waikato Hospital, this income-generating property presents a compelling opportunity for investors seeking consistent returns in a proven rental location. Configured as a two-level dwelling, the property features four fully self-contained studio rooms, each complete with its own ensuite. A shared kitchen and living space provide a practical communal environment, while the inclusion of a commercial-grade washing machine and dryer adds further convenience for occupants. The current setup is well suited to long-term tenants, with reliable residents already in place who would be keen to remain. The building itself is designed for minimal upkeep, making it an attractive option for investors wanting a straightforward, easy-to-manage asset. Body corporate fees cover exterior upkeep including grounds maintenance and regular building washing. A double carport provides additional functionality, offering off-street parking for tenants. The location underpins the strength of this investment. Sitting just moments from the hospital, the property benefits from ongoing tenant demand driven by healthcare workers and associated services. Hamilton Lake, nearby walking tracks, and key transport routes are all within easy reach, along with convenient access into the CBD. Contact Ace Thomas for further information or to arrange a viewing.

Features

4 bedrooms
4 bathrooms
2 carspaces
2 open car spaces
House

Happy sellers in Melville

77%
77% of sellers in Melville reported that their sale price either exceeded or met their price expectations.

Melville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 51 reviews in Melville over the last 12 months.

Local market activity for 4 bedroom houses in Melville

In the last 12 months, 10 four-bedroom houses similar to 2/44 Lorne Street, have been sold.

This represents a 24% increase in four-bedroom houses sales when compared to the previous 12 months.

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