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3,4/79 Storey Avenue, Forest Lake, Hamilton City, Waikato, 3 Bedrooms, 2 Bathrooms, Townhouse

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3,4/79 Storey Avenue, Forest Lake, Hamilton City, Waikato

3
2
102m2
239m2
TownhouseListed on Wed Dec 18
Near New

Forest Lake 3 Bedroom Buy one or both units!

Presenting an outstanding investment opportunity of four meticulously maintained townhouses, offering both modern living and a secure rental income stream. These properties are leased with a guaranteed return for the next 3.5 years, making them an ideal addition to any investment portfolio.

Key Features:

Rental Income:

Units 1 & 2 $693.00 each per week - $72,072.00 per year *SOLD

Units 3 & 4 – 622.00 each per week - $64,688 per year

Content: Unit 1 & 2 - 3 bedrooms & 1 bathrooms, 1 ensuites

Unit 3 & 4 – 2 bedrooms & 1 bathrooms, 1 ensuite

Each townhouse boasts a generous floor area offering a spacious living space

Fully fitted with top-of-the-line Bosch appliances, ensuring long-term reliability and value.

Each townhouse includes a single garage, providing secure parking and ample storage.

These townhouses are currently leased for the next 3.5 years, with a solid lease agreement offering a 2% rent increase every year, ensuring a consistent and reliable rental income

Contemporary finishes, open-plan living areas, and abundant natural light create an appealing environment.

Prime Location: Situated in a highly sought-after neighborhood with easy access to local amenities, schools, parks, and public transport options.

These townhouses offer a secure, low-maintenance investment with the added benefit of rental income growth. Whether you're looking to expand your portfolio or secure a long-term, hassle-free investment, this opportunity is one you won’t want to miss.

Location

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Council Data

Last update : 2025 02 26
Improvement value$540,000Increased by 115% from year 2018
Land value$510,000Increased by 50% from year 2018
CV(Year 2021 Month 09)$1,050,000Increased by 77% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Land area440m²
Floor area136m²
Decade of construction1950
TitleSA64A/495
Type of titleFreehold
Legal descriptionLOT 1 DP S79745
CouncilHamilton
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN SOUTH AUCKLAND 79745,440m2
ConstructionExternal Walls: Brick
Roof: Tiles
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Zone - General Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Forest Lake School
0.17 km
Primary
1-6
Government
Co-Educational
EQI: 497
4
Maeroa Intermediate
0.91 km
Secondary
7-8
Government
Co-Educational
EQI: 492
3
Fraser High School
1.67 km
Secondary
9-15
Government
Co-Educational
EQI: 509
4

Property history

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Surrounding facilities

Bolmuir Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
21B Storey Avenue, Forest Lake
0.14 km
3
1
90m2
Year 2024 Month 12 Day 06
$613,000
Council approved
16A Forest Lake Road, Forest Lake
0.05 km
3
2
-m2
Year 2024 Month 11 Day 26
$827,500
Council approved
3B Bolmuir Road, Forest Lake
0.06 km
3
2
150m2
Year 2024 Month 11 Day 12
$790,000
Council approved
5a Bolmuir Road, Forest Lake
0.03 km
3
2
117m2
Year 2024 Month 11 Day 01
$749,000
Council approved
1/16 Steele Road, Forest Lake
0.18 km
3
113m2
Year 2024 Month 10 Day 09
$765,000
Council approved

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Ref:2316380Last update:2025-03-03 14:02:13