16/36 Abbotsford Street, Whitiora, Hamilton

Nestled in the heart of Hamilton, at 16/36 Abbotsford Street, Whitiora, this residential unit boasts a smart investment opportunity or a cozy first home. The 2-bedroom, 1-bathroom unit with a single carpark is built on a level contour with concrete walls and an iron roof, both in average condition, reflecting the sturdy construction of the 1970s era. As a unit title property, it offers a floor area of 66 square meters, recently upgraded with a modern kitchen, bathroom, and carpet. The sunny aspect and the courtyard are an added delight. The government's capital value has seen a significant increase from $240,000 in 2018 to $445,000 in 2021, showcasing a growth of 85.42%. The HouGarden AVM estimates the property at $417,500, while the latest sales were recorded at $329,000 in 2024 and $255,000 in 2018. This unit is perfect for singles, first-time buyers, or seasoned investors, with a tenant currently paying $280 per week and eager to continue the lease.

With a CV increase that outpaces the market average, this property is not just a home but a sound financial investment. The well-maintained complex has recently been externally painted, enhancing the overall appeal of the property. Its location is a significant plus, being within walking distance to the CBD, the river, and most importantly, the highly regarded Fraser High School (Decile 4) and Whitiora School (Decile 3), making it an ideal choice for families.

For those seeking a prime address within the school zone of esteemed institutions, this unit is a golden opportunity. The combination of a central location, capital value growth potential, and access to quality education makes this property a rare find in Hamilton's central district.

Updated on May 08, 2024