3/181 Knighton Road, Hillcrest, Hamilton

Located at 3/181 Knighton Road, Hillcrest, Hamilton, this modern townhouse is a prime investment opportunity in the heart of Hamilton East, just a short walk from Waikato University. Built in 2016, the property features three self-contained studios, each with one bedroom, a comfortable living space, and a private bathroom. The townhouse spans a floor area of 110 square meters, with mixed materials for the walls and an iron roof, both in good condition. The property is on a level contour and comes with a Unit Title ownership, making it ideal for investors seeking a consistent income stream, currently returning $815 per week.

The property has seen a significant increase in capital value, from $540,000 in September 2018 to $760,000 in September 2021, marking a 40.74% growth. The latest sale was recorded on January 15, 2024, for $630,000, following a previous sale for $395,000 on August 2, 2015. The HouGarden AVM estimates the property's value at $730,000, highlighting its potential for further capital appreciation.

Situated within a desirable school zone, the townhouse offers access to several reputable schools, including Peachgrove Intermediate (decile 5), Marian Catholic School (Hamilton) (decile 7), Hamilton Boys' High School (decile 7), Knighton Normal School (decile 5), Hillcrest High School (decile 7), Berkley Normal Middle School (decile 8), and Hamilton Girls' High School (decile 6). This makes it an attractive option for students or professionals seeking independent living arrangements close to educational institutions.

Updated on April 06, 2024.