Nestled in the serene Forest Lake Road of Hamilton, this highly sought-after freehold property is a rare gem in the market. Comprising 4 bedrooms, 2 carparks, and a spacious floor area of 180 square meters on a land of 877 square meters, this 1972-built home features concrete walls and an iron roof in average condition. The property, with an easy-to-moderate fall contour, is perfect for those who appreciate privacy and tranquility, set back from the road with a long driveway.
As for investment value, the property has seen a remarkable Capital Value increase of 83.93% from $560,000 in 2018 to $1,030,000 in 2021. The HouGarden AVM estimates the property's worth at $958,500, while the latest sale in 2001 was for $180,000. This growth trajectory highlights the property's potential as a sound investment.
For families with school-aged 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. This combination of prime location, investment potential, and educational opportunities makes it an ideal choice for the savvy buyer.
Updated on September 27, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.26 km | 4 | 1 | 110m2 | Year 2024 Month 12 Day 10 | $565,000 | Council approved | |
 | 0.25 km | 4 | 2 | 163m2 | Year 2024 Month 12 Day 06 | $820,000 | Council approved | |
 | 0.27 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 02 | $645,000 | Council approved | |
 | 0.17 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 01 | $855,000 | Council approved | |
 | 0.21 km | 4 | 3 | 280m2 | Year 2024 Month 07 Day 17 | - | Council approved |