8 Inverness Avenue, Hamilton East, Hamilton

Positioned at 8 Inverness Avenue, Hamilton East, this residential complex comprises five townhouses on a freehold title of 1,112sqm. Each townhouse is designed with modern living in mind, boasting four bedrooms and two bathrooms, except for one which has four bedrooms and one bathroom. Constructed in 2000 with brick walls and tiled roofs, these properties are well-maintained and offer an average condition throughout. The capital value has seen a significant increase from $1,650,000 in 2018 to $2,630,000 in 2021, reflecting a growth of 59.39%. The HouGarden AVM estimates the property's value at $2,605,000, while the latest sales were recorded at $245,000 in 2004 and $139,000 in 1996.

With a rental income of $3,300 per week, these townhouses present a solid investment opportunity in a rental flats zone. The property's close proximity to Waikato Innovation Park, Ruakura Superhub, and Waikato University enhances its appeal, being ideal for students, families, and professionals. The school network includes Peachgrove Intermediate and Marian Catholic School, both with a decile rating of 5 and 7 respectively, while Hamilton Boys' and Girls' High Schools are also within reach.

Not only do these townhouses offer strong rental returns, but they also stand to benefit from Hamilton's continuous development, making it a prime choice for investors looking to capitalize on future growth.

Updated on November 06, 2024