1/5 Mahana Road, Saint Andrews, Hamilton

Nestled in the serene St Andrews of Hamilton, this 2-bedroom, 1-bathroom residence with a single carpark is a gem on a freehold title. Constructed with robust bricks and quality tiles, the 86m2 floor area is complemented by a sprawling 229m2 land, all in a level contour. The property, built in 2018 and well-maintained, boasts an open-plan living space and is equipped with a heat pump for comfort. The government's capital value has seen a remarkable increase of 65.22% from $460,000 in 2018 to $760,000 in 2021, while the HouGarden AVM estimates it at $695,000. The recent sale history and the property's location in a quiet cul-de-sac make it a highly sought-after investment. Moreover, it falls within the catchment of Fraser High School and Vardon School, both rated decile 4, ensuring quality education for the family.

With individual titles and the potential for a rental return over 5%, these properties present an attractive opportunity for investors. Each unit features a private courtyard and is conveniently located near amenities and public transportation, providing ease of access to Te Rapa, the CBD, and The Base. Don't miss the chance to secure this exceptional investment in a prime location.

For families with school-going children, the property's inclusion in the school zones of Fraser High School and Vardon School adds significant value. Both schools offer a solid educational foundation, which is a key highlight for this property. The combination of location, capital growth potential, and educational amenities makes this property a stand-out choice in the real estate market.

Updated on December 11, 2024