24 Paul Crescent, Fairfield, Hamilton

Located at 24 Paul Crescent, Fairfield, Hamilton, this residential property presents a unique opportunity for savvy investors, builders, and tradies. Despite extensive fire damage, the potential for value enhancement on this 850m2 freehold section is immense. The property, built in 1950, features 3 bedrooms and is categorized as 'Residential - Vacant'. The floor and land areas are unspecified, but the land area is noted to be 849m2. The ownership type is Freehold, with unknown details regarding the roof and wall construction, as well as their conditions. The property contour is level, indicating ease of access and potential development.

The capital value of the property has seen a significant increase, from $395,000 in September 2018 to $550,000 in September 2021, marking a 39.24% growth. The latest sale records show transactions at $332,500 in January 2024 and $391,000 in August 2016. The HouGarden AVM estimates the property's value at $537,500. This growth trajectory underscores the property's investment potential, especially considering its current condition and the opportunity for redevelopment.

The property is advantageously located within the school zones of Fairfield Intermediate and Fairfield Primary School, with decile ratings of 5 and 1, respectively. This location offers educational convenience, making it an attractive option for families. The proximity to Hamilton CBD, Claudelands Event Centre, Chartwell Shopping Centre, local amenities, and Fairfield Park further enhances its appeal, promising a blend of tranquility and urban accessibility.