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8/4 Wha Street, Frankton, Hamilton City, Waikato, 2 Bedrooms, 1 Bathrooms, Unit

$309,000

8/4 Wha Street, Frankton, Hamilton City, Waikato

2
1
60m2
UnitListed on Tue Jul 30

Frankton 2 Bedroom Boom city investing

Talk yield with me now!

Located in Frankton in one of New Zealand's fastest-growing cities, this spacious 2-bedroom unit is part of a well-maintained complex of 8 units. Featuring concrete block cladding, this property stands out with no body corporate fees ensuring lower ongoing costs for the owner. The unit is currently rented with managed tenants in place on a periodic agreement offering immediate rental income.

This prime location provides exceptional convenience, situated just 5 minutes from Hamilton's CBD and 10 minutes from The Base Shopping Centre. The unit also includes its own car park adding to its appeal for tenants and owners alike.

Financially this property offers an estimated yield between 6% and 8%, making it a worthy investment choice. With tenants already in place, you can start earning from day one. Hamilton's rapid growth ensures strong future demand and potential capital gains, enhancing the long-term value of your investment.

Don't miss out on this fantastic opportunity to secure a prime piece of real estate in one of New Zealand's hottest property markets. Contact us today for more information or to arrange a viewing.

Location

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Council Data

Last update : 2024 12 11
Improvement value$175,000Increased by 38% from year 2018
Land value$185,000Increased by 107% from year 2018
CV(Year 2021 Month 09)$360,000Increased by 67% from year 2018
View typeNo appreciable view
ContourLevel
Floor area58m²
Decade of construction1970
TitleSA59D/93
Type of titleCross-Lease
Legal descriptionFLAT 11 DP S27140
CouncilHamilton
Estate descriptionFSIM,1/10,FLAT 11 DEPOSITED PLAN SOUTH AUCKLAND 27140
ConstructionExternal Walls: Concrete
Roof: Iron
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Zone - General Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Maeroa Intermediate
0.51 km
Secondary
7-8
Government
Co-Educational
EQI: 492
3
Whitiora School
0.97 km
Primary
1-8
Government
Co-Educational
EQI: 519
3
Fraser High School
1.33 km
Secondary
9-15
Government
Co-Educational
EQI: 509
4

Property history

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For developers

Unitary plan:Residential Zone - General Residential Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Wha Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
23 Marire Avenue, Maeroa
0.23 km
4
2
-m2
Year 2024 Month 12 Day 03
$900,000
Council approved
10 Dudley Terrace, Frankton
0.05 km
3
1
96m2
Year 2024 Month 10 Day 17
$720,000
Council approved
75 Norton Road, Frankton
0.08 km
3
1
-m2
Year 2024 Month 09 Day 04
$605,000
Council approved
73 Norton Road, Frankton
0.10 km
2
1
79m2
Year 2024 Month 08 Day 29
$580,000
Council approved
7 Marire Avenue, Frankton
0.07 km
3
1
150m2
Year 2024 Month 06 Day 25
$696,000
Council approved

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Ref:2315900Last update:2024-10-16 10:25:52