Nestled in the family-oriented neighborhood of Mahoe Street, Melville, Hamilton, this charming two-bedroom, one-bathroom residence with a single carpark presents an ideal opportunity for both investors and first-time homebuyers. Constructed in 1960 with brick walls and an iron roof, this cross-lease property sits on a steep rise with an elevated deck that boasts sweeping views and optimal sun exposure. The home has been recently painted, ensuring a tidy and well laid out interior, with spacious bedrooms, a functional bathroom, and a separate laundry. The property's capital value has seen a significant increase from $330,000 in 2018 to $500,000 in 2021, reflecting a growth rate of 51.5%. The HouGarden AVM estimates the property's value at $465,000. With the Hamilton West School (Decile 5) and Deanwell School (Decile 3) in the vicinity, this property is not only well-located but also within a sought-after school zone.
Boasting an average wall and roof condition, this property offers a warm and inviting atmosphere. The single garage provides ample storage or off-street parking. Melville's convenient access to Waikato Hospital, local parks, and the city center makes this an attractive proposition for those seeking a balanced lifestyle.
With homes at this price point in high demand, this property on a quiet cul-de-sac is a gem not to be missed.
Updated on May 15, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.32 km | 3 | 1 | -m2 | Year 2024 Month 05 Day 02 | $627,000 | Council approved | |
 | 0.20 km | 5 | 2 | -m2 | Year 2024 Month 03 Day 22 | $900,000 | Council approved | |
0.34 km | 3 | 103m2 | Year 2024 Month 03 Day 19 | $605,000 | Council approved | |||
0.28 km | 5 | 230m2 | Year 2024 Month 02 Day 29 | $865,000 | Council approved | |||
0.39 km | 3 | 1 | 99m2 | Year 2024 Month 02 Day 05 | $685,000 | Council approved |