24b Pine Avenue, Bader, Hamilton

Located in the serene neighborhood of Bader, Hamilton, 24b Pine Avenue is a charming residential dwelling that offers a perfect blend of comfort and convenience. This property, nestled on a level contour, features 3 cozy bedrooms, each equipped with built-in wardrobes, and a carport for parking. The house, built in 1950 with wood walls and tile roofing, spans a floor area of 108 square meters. Its wall condition is rated as average, while the roof is in good condition. The property operates under a Cross-Lease ownership type, ensuring a secure investment or living option.

The financial aspect of this property is equally impressive, with a capital value increase of 60% from $400,000 in September 2018 to $640,000 in September 2021. Despite this significant appreciation, the property was last sold for $514,000 on January 21, 2024, which is 18.9% below its current CV of $612,500, indicating a sharp pricing by the motivated vendors. This sale also represents a 5.5% rental return, highlighting its potential as a lucrative investment or a brilliant first home. The property's history of sales and valuation underscores its market value and investment potential.

Education is a priority for many, and this property does not disappoint. It is situated in a prime location close to Waikato Hospital, various shops, and the esteemed St. Pius X Catholic School, making it an ideal home for families. The neighborhood's school zone ensures access to quality education, contributing to the property's appeal to families and investors alike.

Updated on April 05, 2024.