4/3 Dowding Street, Melville, Hamilton

Nestled in the tranquility of a quiet cul-de-sac at 4/3 Dowding Street, Melville, Hamilton, this 87 square meter residential unit with a capital value of $630,000 as of September 2021, offers an enticing investment prospect. The 3-bedroom, 1-bathroom unit with a single carpark, features a mix of wall construction materials, an iron roof, and a level contour, all in good condition. It's a unit title property, part of a four-unit development completed in 2022, designed with a sleek blend of brick and panel cladding for a modern aesthetic. Inside, an open-plan living area and a kitchen with composite stone benchtops and stainless steel appliances provide both comfort and elegance.

With a HouGarden AVM of $587,500 and a latest sale record of $575,000 in September 2020, this property has shown a significant growth in capital value. Investors will be pleased to know that the property is situated in a high-demand area, with easy access to Waikato Hospital and the Hamilton CBD. The government valuation history reflects a promising increase trend, making it a wise investment choice.

For families, the property falls within the zones of both Marian Catholic School (decile 7) and Hamilton West School (decile 5), ensuring quality education options. This property is not just an investment; it's a lifestyle choice, perfect for professionals, owner-occupiers, or those looking to secure a prime piece of real estate in a sought-after location.

Updated on July 12, 2024