51 Mahoe Street

Melville Waikato

903 m²

House

Currently for sale - view listing

Overview

Double Income, Double Opportunity

A classic 1940s weatherboard home paired with a modern secondary dwelling creates a rare and versatile opportunity for families and investors alike. The main residence has been lovingly cared for over the past six years and offers generous proportions, including four bedrooms, one bathroom, and a spacious, sun-filled lounge-perfect for comfortable family living. Positioned on the same site, the separate two-bedroom dwelling is well-appointed with two ensuites, open-plan living, and a strategically placed heat pump to ensure year-round comfort and new carpet has just been installed throughout. Both homes enjoy their own garaging along with ample off-street parking. Set with excellent separation between the dwellings, you'll appreciate the privacy and space without feeling on top of one another. Located just minutes from Waikato Hospital, Hamilton Lake, and the CBD, this property delivers both convenience and lifestyle. With Hamilton recognised as one of New Zealand's fastest-growing cities year on year, this is an investment in both location and future growth. Key Features: • Two dwellings on one title • Main home: 4 bedrooms, 1 bathrooms • Secondary dwelling: 2 bedrooms, 2 ensuites • Separate garaging for both homes • Healthy Homes compliant • Professionally managed by a reputable Hamilton property management company • Add-value potential with future development upside • CURRENTLY RETURNING $55,900 PA Ideal for extended families, home-and-income buyers, or savvy investors looking to maximise returns. There is clear potential here to enhance value and increase yield, with longer-term development possibilities to explore. The vendors are committed and ready to move on to their next project. Don't miss your opportunity.