Located in the prime Hamilton East suburb, this executive investment opportunity presents a block of 4 furnished studio rooms at 4/188 Old Farm Road. Each of the 4 bedrooms is complemented with a kitchenette, spacious living/bedroom area, and ensuite, ensuring comfort with individual heat pumps. The property, built in 2020, features wood wall construction and iron roofing, both in good condition. The floor area spans 140 square meters on a level contour, under a Unit Title ownership. Additional amenities include a communal kitchen/living room, laundry, an enclosed courtyard, an internal access garage, and off-street parking, enhancing the appeal of this modern complex.
The property has seen a significant capital value increase from $495,000 in September 2018 to $800,000 in September 2021, marking a 61.62% growth. The current HouGarden AVM estimates the value at $790,000. This managed complex enjoys full occupancy, returning $1,040.00 per week from a mix of periodic and fixed tenancies, making it an excellent purchasing choice.
Located within a desirable school zone, the property offers access to 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). Its proximity to local shops, Hamilton East shopping precinct, Hamilton CBD, Waikato Hospital, and major expressways adds to its strategic value.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 3 | 1 | 114m2 | Year 2024 Month 10 Day 22 | $694,000 | Council approved | |
 | 0.14 km | 3 | 107m2 | Year 2024 Month 10 Day 06 | $639,000 | Council approved | ||
 | 0.11 km | 4 | 2 | 136m2 | Year 2024 Month 08 Day 13 | $610,000 | Council approved | |
 | 0.17 km | 3 | 3 | 108m2 | Year 2024 Month 08 Day 05 | $607,500 | Council approved | |
 | 0.12 km | 3 | 150m2 | Year 2024 Month 06 Day 19 | $758,500 | Council approved |