Nestled in the serene Menzies Street of Beerescourt, Hamilton, this residential gem with a cross-lease title presents a golden opportunity for investors and first-time homebuyers alike. The 1960-built home boasts 2 bedrooms, 1 bathroom, and a single carpark, set on an easy-to-moderate fall contour. Constructed with robust brick walls and an iron roof, this approximately 85sqm floor area unit is the front unit of two and is ready for a touch of renovation to unlock its full potential. The property has seen a significant increase in its capital value, rising from $390,000 in 2018 to $570,000 as of September 2021, marking a growth of 46.15%.
With a HouGarden AVM of $530,000 and a latest sale history of $250,000 in 2011, this property is not just an affordable option but also a wise investment. The government's valuation history and the property's prime location near the central city and The Base Shopping Centre make it a diamond in the rough. Currently tenanted with the tenants keen to stay, this property is a perfect blend of equity-building potential and rental income.
For families with school-going children, the property falls within the zones of Fraser High School (Decile 4), Forest Lake School (Decile 4), and Maeroa Intermediate (Decile 3), ensuring access to quality education. Don't miss out on this prime property opportunity!
Updated on June 17, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 1 | -m2 | Year 2024 Month 03 Day 08 | $712,000 | Council approved | |
 | 0.17 km | 4 | 140m2 | Year 2024 Month 02 Day 28 | $1,140,000 | Council approved | ||
 | 0.42 km | 3 | 2 | 110m2 | Year 2024 Month 02 Day 14 | $760,000 | Council approved | |
 | 0.23 km | 4 | 2 | 281m2 | Year 2024 Month 02 Day 07 | $756,000 | Council approved | |
0.42 km | 3 | 113m2 | Year 2024 Month 01 Day 30 | $760,000 | Council approved |