54b Claude Street, Fairfield, Hamilton

Discover the potential of 54b Claude Street, Fairfield, Hamilton, a budget-friendly property perfect for savvy investors, first home buyers, or those looking to capitalize on an opportunity. This residential dwelling features two bedrooms, one bathroom, and a single garage, all within a floor area of 76m². Constructed in 1980 with fibrous cement walls and an iron roof, both in average condition, this property sits on a level cross-lease section, sharing 1/2 of 904m² of freehold land. The interior boasts well-proportioned rooms, a heat pump for year-round comfort, a tidy and functional kitchen with potential for modern upgrades, and an open-plan lounge and dining area leading to a deck. Both bedrooms offer generous proportions with built-in storage, and the main bathroom includes a separate shower with a shower dome and vanity, plus a separate WC. Additional features include plenty of off-street parking, a single lock-up garage, and a garden shed for extra storage.

The property has seen significant capital value growth, from $360,000 in September 2018 to $590,000 in September 2021, marking a 63.89% increase. The latest sale was on February 19, 2024, for $495,000, following a previous sale on July 22, 2018, for $362,000. The HouGarden AVM estimates the property's value at $562,500. Rental appraisal rates range between $530 - $560 per week, offering excellent prospects for investors or first home buyers willing to make cosmetic upgrades and add their personal touch.

Located in a desirable school zone, the property falls within the catchment areas for Fairfield Intermediate (Decile 5), Fairfield Primary School (Decile 1), and Whitiora School (Decile 3), providing a range of educational options. Its convenient location offers easy access to local amenities, Hamilton CBD, Claudelands Park, Event Centre, Chartwell Shopping Centre, and river walks, making it an attractive option for families and professionals alike.

Updated on April 04, 2024.