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249 Dey Street, Hamilton East, Hamilton, Waikato, 5 Bedrooms, 2 Bathrooms, House

Auction27/03, Thursday 14:00

249 Dey Street, Hamilton East, Hamilton, Waikato

5
2
HouseListed on Mon Mar 3

Hamilton East 5 Bedroom Two for One Income!

Auction 27th March 2025 (Unless Sold Prior)

Situated in the heart of sought-after Hamilton East, just moments from Waikato University, this unique, versatile property presents a lucrative investment opportunity with dual-income potential.

Offering two separate residences on title, it's an ideal choice for savvy investors or homeowners seeking additional rental income.

The main home features four spacious bedrooms, two studies, and a well-appointed kitchen, blending functionality with comfort. Reliable long-term tenants currently in place are eager to stay, ensuring seamless rental continuity.

Adding to the appeal is a fully consented one-bedroom studio-a cleverly converted garage-providing a private retreat for an additional tenant. With both dwellings currently returning a combined $830 per week, this property offers a solid yield in a high-demand rental location.

Beyond its investment appeal, this property enjoys a spacious section with ample off-street parking, providing convenience for both dwellings. Zoned for top-tier schooling-Knighton Normal School, Berkley Middle School, and Hillcrest High-this is a location that attracts both students and families alike

Whether you're expanding your investment portfolio or securing a home with built-in income, this is a rare opportunity not to be missed.

Contact Ray or Christine at Harcourts Rototuna for more details or to arrange a private viewing.

For more information, go to: https://www.propertyfiles.co.nz/property/RU33927

Location

Auction

Mar27
Thursday14:00

Open homes

Mar08
Saturday12:00 - 12:30
Mar09
Sunday12:00 - 12:30

Council Data

Last update : 2025 03 05
Improvement value$420,000Increased by 68% from year 2018
Land value$480,000Increased by 45% from year 2018
CV(Year 2021 Month 09)$900,000Increased by 55% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Floor area148m²
Decade of construction1950
TitleSA52D/217
Type of titleCross-Lease
Legal descriptionFLAT A DP S65669
CouncilHamilton
Estate descriptionFSIM,1/2,LOT 7 DEPOSITED PLAN 35611,1102m2
ConstructionExternal Walls: Brick
Roof: Tiles
ConditionExternal Walls: Average
Roof: Average
ZoningSpecial Character Zone - Special Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Knighton Normal School
0.50 km
Primary
1-6
Government
Co-Educational
EQI: 474
5
Peachgrove Intermediate
0.88 km
Secondary
7-8
Government
Co-Educational
EQI: 488
5
Marian Catholic School (Hamilton)
0.90 km
Primary
1-8
Government
Co-Educational
EQI: 400
7
Hillcrest High School
1.87 km
Secondary
9-15
Government
Co-Educational
EQI: 448
7
Berkley Normal Middle School
2.36 km
Combined
7-10
Government
Co-Educational
EQI: 423
8

Property history

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Surrounding facilities

Dey Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
126B Galloway Street, Hamilton East
0.34 km
3
1
140m2
Year 2025 Month 01 Day 31
$684,000
Council approved
185B Dey Street, Hamilton East
0.34 km
4
2
157m2
Year 2024 Month 12 Day 13
$810,000
Council approved
12/6 Page Place, Hamilton East
0.27 km
3
2
140m2
Year 2024 Month 12 Day 06
$620,000
Council approved
225a Fox Street, Hamilton East
0.18 km
5
112m2
Year 2024 Month 10 Day 11
$650,000
Council approved
20 Te Kaarearea Avenue, Hamilton East
0.31 km
3
2
122m2
Year 2024 Month 10 Day 09
$790,000
Council approved

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Ref:RU33927Last update:2025-03-04 12:25:42