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1/188 Old Farm Road, Hamilton East, Hamilton, 4 Bedrooms, 0 Bathrooms, Unit

Sold: $750,000

Sold on 2024 Year 2024 Month 03 Day 15

1/188 Old Farm Road, Hamilton East, Hamilton

4
140m2
位于汉密尔顿东部1/188 Old Farm Road的心脏地带,这座现代化的投资物业以其4间配备家具的单间公寓为特色,每周产生令人难以置信的租金收入1,020纽币。建于2020年,该建筑采用了低维护材料,拥有木制外墙和铁质屋顶,均处于良好状态。该单位产权物业占地面积140平方米,地形平坦,设计便利耐用。每个单间都配备了卫生间、小厨房和必要的家具,并配有共享的生活空间,包括休息室、餐厅和设备齐全的厨房。该综合体还设有洗衣房和供租户使用的私人庭院,确保舒适的生活环境。物业的体系费为每年1,642.20纽币,建筑保险为每年1,596.02纽币,这证明了该物业的高质量建造和深思熟虑的设计。该物业的政府估价从2018年9月的495,000纽币增长到2021年9月的800,000纽币,增长了61.62%。当前后花园估价为790,000纽币,凸显了其在市场上的强势地位和投资潜力。这一增长轨迹突显了物业的价值增值和为精明投资者呈现的丰厚机会。物业位于优质教育区内,靠近多所知名学校,包括Peachgrove Intermediate(评分5)、Marian Catholic School (Hamilton)(评分7)、Hamilton Boys' High School(评分7)、Knighton Normal School(评分5)和Hamilton Girls' High School(评分6)。这一战略位置,加上物业的全面设施和高租金收益率,使其成为那些希望利用汉密尔顿活跃的教育景观和稳健的租赁市场的投资者的理想选择。 Nestled in the heart of Hamilton East at 1/188 Old Farm Road, this modern investment property presents a unique opportunity with its 4 furnished studio apartments, generating an incredible rental income of $1,020 per week. Constructed in 2020, the building boasts low maintenance materials with wood walls and an iron roof, all in good condition. Spanning a floor area of 140m² on a level contour, this unit title property is designed for convenience and durability. Each studio is equipped with an ensuite, kitchenette, and essential furnishings, complemented by shared living spaces including a lounge, dining area, and a fully equipped kitchen. The complex also features a laundry room and a private courtyard for tenant use, ensuring a comfortable living environment. With a body corp levy of $1,642.20 PA and building insurance of $1,596.02 PA, this property is a testament to quality construction and thoughtful design.The property has seen a remarkable capital value increase from $495,000 in September 2018 to $800,000 in September 2021, marking a 61.62% growth. The current HouGarden AVM stands at $790,000, highlighting its strong market presence and investment potential. This growth trajectory underscores the property's value appreciation and the lucrative opportunity it presents for astute investors.Situated within a prime educational zone, the property benefits from proximity to several reputable schools, including Peachgrove Intermediate (decile 5), Marian Catholic School (Hamilton) (decile 7), Hamilton Boys' High School (decile 7), Knighton Normal School (decile 5), and Hamilton Girls' High School (decile 6). This strategic location, coupled with the property's comprehensive amenities and high rental yield, makes it an ideal investment for those looking to capitalize on Hamilton's vibrant educational landscape and robust rental market.

Council Data

Last update : 2024 12 11
Improvement value$555,000Increased by 70% from year 2018
Land value$245,000Increased by 44% from year 2018
CV(Year 2021 Month 09)$800,000Increased by 61% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Floor area140m²
Decade of construction2020
Title867941
Type of titleUnit Title
Legal descriptionUNT 1 DP 531554
CouncilHamilton
Estate descriptionSTFH,1/1,PRINCIPAL UNIT 1 DEPOSITED PLAN 531554
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningResidential Zone - Residential Intensification Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Peachgrove Intermediate
1.11 km
Secondary
7-8
Government
Co-Educational
EQI: 488
5
Knighton Normal School
1.13 km
Primary
1-6
Government
Co-Educational
EQI: 474
5
Hamilton Boys' High School
1.45 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 429
7
Marian Catholic School (Hamilton)
1.66 km
Primary
1-8
Government
Co-Educational
EQI: 400
7
Hamilton Girls' High School
3.04 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 462
6

Property history

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For developers

Unitary plan:Residential Zone - Residential Intensification Zone
Land:-
Title:Unit Title

Surrounding facilities

Old Farm Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
192 Old Farm Road, Hamilton East
0.04 km
3
1
114m2
Year 2024 Month 10 Day 22
$694,000
Council approved
1/18 May Street, Hamilton East
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3
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Year 2024 Month 10 Day 06
$639,000
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1/29 May Street, Hamilton East
0.14 km
4
2
136m2
Year 2024 Month 08 Day 13
$610,000
Council approved
6/18 May Street, Hamilton East
0.17 km
3
3
108m2
Year 2024 Month 08 Day 05
$607,500
Council approved
6 Willscarlet Lane, Hamilton East
0.12 km
3
150m2
Year 2024 Month 06 Day 19
$758,500
Council approved

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