YES!! With a current Capital Value of $820,000 and the average Hamilton East property selling approximately 6% over Capital Value this will be a bargain!
YES!! The current owner did pay $900,000 for the property in 2021.
YES!! The property is Healthy Homes Compliant and has been and can be rented. Current Rental Appraisal is $630-$650 per week.
YES!! The property is in the Medium Density Residential Zone and townhouses can be developed, subject to Council Consents, on the site in the future.
So buy now, take the rent in this sought after University zone, close to Hamilton East shopping precinct, GloBox Arena and the Waikato Expressway, and cash in later by developing yourself or selling to a developer. Bonus points for being in the Hamilton Boys and Hamilton Girls High School Zones.
There is no work needed to get this 1966 single level brick home up and running with new showers recently installed. With three large bedrooms and two bathrooms, one with a separate toilet and two outside hobby rooms renting this property will be a breeze.
Plus a large outside, covered entertainers porch this property will be well sort after by those wanting to escape the Varsity Halls.
Better Call Paul today to book your private viewing. This will not last.
