6 Littler Place, Hamilton East, Hamilton

Nestled on a generous 680 sqm of level land in the serene Littler Place, a quiet cul-de-sac in Hamilton East, stands this impressive 7-bedroom, freehold property. Constructed in 1964 with durable brick walls and iron roofing, the dwelling boasts an average condition both inside and out. The property, with a floor area of 156 sqm and a single carpark, is a prime investment opportunity given its current government valuation of $1,130,000, a significant increase of 82.26% from its valuation in 2018. The property's contour is level, and it comes with a ready Resource Consent and Building Consent for five two-storey townhouses, offering a current border income of around $1,000/week to cover holding costs. The location is second to none, being in close proximity to Waikato University and amenities, and is zoned for the esteemed Hamilton Boys' High School.

With a HouGarden AVM of $1,032,500 and a latest sale history showing a transaction of $730,000 in 2020 and $585,000 in 2015, this property presents a golden opportunity for immediate development. The capital value growth is a testament to the property's potential, and the approved consents are the cherry on top for any investor looking to embark on a lucrative project.

For families, the school network is a significant draw. The property falls within the zones of Peachgrove Intermediate, Marian Catholic School, Hamilton Boys' High School, Knighton Normal School, and Hamilton Girls' High School, all of which are well-regarded educational institutions with decile ratings ranging from 5 to 7.

Updated on December 06, 2024