31 Hillsborough Terrace, Hamilton Central, Hamilton

Located at 31 Hillsborough Terrace, Hamilton Central, Hamilton, this residential dwelling boasts a 250 sqm (approx) two-level home with three bedrooms and two bathrooms. Constructed in 1996, the property features wood walls in good condition and an iron roof also in good condition. It sits on a steep rise contour and is a Cross-Lease ownership type. Despite having no car parks, its prime location and unique, elevated setting offer spectacular river views and ample potential for customization.

Since its last sale in 2007 for $615,000, the property's capital value has seen significant growth, from $790,000 in 2018 to $1,025,000 in 2021, marking a 29.75% increase. The HouGarden AVM estimates its value at $1,010,000, highlighting its investment potential and the sharp price set for the upcoming auction. The vendor, having relocated, is determined to sell, setting the auction reserve at an enticing $600k.

Education is a priority, with the property zoned for several reputable schools: Marian Catholic School (Hamilton) and Hamilton West School, both full primary schools with deciles of 7 and 5 respectively, and Hamilton Boys' and Girls' High Schools, secondary schools with deciles of 7 and 6. Its location near river walks, cycle ways, the central city, Waikato Hospital, and Hamilton East village, makes it an ideal family home with both convenience and lifestyle in mind.

Updated on March 22, 2024.