2/2 Palmerston Street, Hamilton Central, Hamilton

Nestled in the heart of Hamilton Central at 2/2 Palmerston Street, this residential ownership home unit boasts 4 well-appointed studio rooms, a carpark, and a shared living space. Constructed in 2015 with mixed materials for the walls and iron for the roof, this low-maintenance apartment exudes quality and good condition. The property, valued at $870,000 as of September 2021, has seen a CV increase of 32.18% since September 2018, reflecting a robust capital growth. The latest sale was in 2014 for $500,000, while the current HouGarden AVM estimates it at $847,500.

With a rental income of $1,060 PW, this fully tenanted apartment complex presents a 7% gross yield, making it an ideal investment. It's located in a prime area, a short walk from Waikato Hospital and the business district, ensuring high occupancy rates. Each studio is equipped with an ensuite, kitchenette, and furniture, while communal areas include a lounge, dining, and kitchen, with a private courtyard for tenant use.

Educationally, the property falls within the zones of Marian Catholic School (Decile 7), Hamilton Boys' and Girls' High Schools (both Decile 7), and Hamilton West School (Decile 5), offering a range of schooling options for families.

Updated on July 18, 2024