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87 Lake Road, Frankton, Hamilton, Waikato, 4 Bedrooms, 4 Bathrooms, House

Auction27/03, Thursday 14:00

87 Lake Road, Frankton, Hamilton, Waikato

4
4
HouseListed Yesterday

Frankton 4 Bedroom Hot Investment Alert: Unbeatable Prime Location

Investors, take note! This fully tenanted four-bedroom property-with each studio-style room featuring its own ensuite bathroom-is a fantastic opportunity to secure a high-return investment in a sought-after Hamilton location. Generating $260 per week per room, this property brings in $1,040 per week, or $54,080 annually in rental income, offering strong, consistent cash flow.

Each of the four self-contained rooms comes fully furnished with a bed, TV, and essential amenities, along with its own ensuite bathroom (shower, vanity, and toilet). Tenants also have access to a shared kitchen and laundry facility, adding to the property's appeal.

The current landlord supplies power and internet, making this an attractive rental option for tenants. Additionally, each room has an allocated carport, providing secure parking.

Located within walking distance to Hamilton CBD, Waikato Hospital, Wintec, and Hamilton Lake, this property is in a high-demand rental area, ensuring steady occupancy rates.

With a motivated vendor ready to sell, this is an exceptional investment opportunity that won't last long.

Contact Hitesh Sharma on 022 099 2654 for further details or to arrange a private viewing, or see you at the open homes!

Auction: 27 March, 85 Rostrevor Street, Hamilton (Unless Sold Prior).

Location

Auction

Mar27
Thursday14:00

Open homes

Mar08
Saturday12:00 - 12:45
Mar09
Sunday12:00 - 12:45

Council Data

Last update : 2025 02 26
Improvement value$365,000Increased by 55% from year 2018
Land value$345,000Increased by 50% from year 2018
CV(Year 2021 Month 09)$710,000Increased by 52% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Floor area112m²
Decade of construction1920
TitleSA62B/1000
Type of titleCross-Lease
Legal descriptionFLAT A DP S78397
CouncilHamilton
Estate descriptionFSIM,1/2,LOT 7 DEPOSITED PLAN 5042,769m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Zone - General Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Hamilton Girls' High School
0.58 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 462
6
Whitiora School
1.13 km
Primary
1-8
Government
Co-Educational
EQI: 519
3
Hamilton West School
1.49 km
Primary
1-8
Government
Co-Educational
EQI: 445
5
Hamilton Boys' High School
2.17 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 429
7

Property history

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Surrounding facilities

Lake Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
11c Marama Street, Frankton
0.57 km
3
2
160m2
Year 2025 Month 01 Day 06
$703,500
Council approved
0.02 km
2
1
91m2
Year 2024 Month 11 Day 25
$450,000
Council approved
7 Upper Kent Street, Frankton
0.27 km
3
113m2
Year 2024 Month 11 Day 22
$580,000
Council approved
81 Lake Road, Frankton
0.05 km
18
10
550m2
Year 2024 Month 10 Day 11
$2,310,000
Council approved
30a Marama Street, Frankton
0.08 km
2
1
69m2
Year 2024 Month 10 Day 03
$643,000
Council approved

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Ref:HM56878Last update:2025-03-03 15:40:34