By Negotiation

12 Crescent Court, Melville, Waikato

200m²

661m²

UnitListed on Tue Nov 26

Melville 8 Bedroom Mini Motel/Invest/Airbnb

12 Crescent Court offers seven furnished apartments consisting of one double-bedroom, five single-bedroom, and one accessible studio unit.

Consented for short-term accommodation; this could suit a motel or Airbnb operator.

Walk to Waikato and Braemar hospitals and lifestyle amenities with Gower Park and Hamilton Lake.

Selling below Rating value, this property provides you with instant ‘paper equity’ and strong cashflow

Sitting on a 661sqm freehold title with plenty of off-street parking. Explore the potential to further increase return.

Call Vaughan Heslop the multi-unit specialist for further information.

Location

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Council Data

Last update : 2024 12 11

Improvement value$1,180,000Increased by 30% from year 2018

Land value$420,000Increased by 64% from year 2018

CV(Year 2021 Month 09)$1,600,000Increased by 37% from year 2018

DeckYes

View typeNo appreciable view

ContourLevel

Land area661m²

Floor area207m²

TitleSA20B/58

Type of titleFreehold

Legal descriptionLOT 18 DP S21958

CouncilHamilton

Estate descriptionFSIM,1/1,LOT 18 DEPOSITED PLAN SOUTH AUCKLAND 21958,661m2

ConstructionExternal Walls: Mixed Materials
Roof: Iron

ConditionExternal Walls: Good
Roof: Good

ZoningResidential Zone - General Residential Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Hamilton West School	1.16 km	Primary	1-8	Government	Co-Educational	EQI: 445	5	Detail

Property history

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For developers

Unitary plan:Residential Zone - General Residential Zone

Land:661m²

Title:Freehold

Surrounding facilities

Crescent Court Neighborhood and Surrounding Data
Crescent Court neighborhood is a sub-region located within Melville city

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
1 Crescent Court, Melville	0.22 km	3	1	81m²	Year 2024 Month 12 Day 05	$590,000	Council approved
7/18 Mahoe Street, Melville	0.03 km	3	2	161m²	Year 2024 Month 10 Day 23	$760,000	Council approved
1 Langdon Lane, Melville	0.08 km	2	1	66m²	Year 2024 Month 09 Day 05	$499,000	Council approved
7A Kahikatea Drive, Melville	0.07 km	3	1	-m²	Year 2024 Month 08 Day 23	$700,000	Council approved
38 Kahikatea Drive, Melville	0.25 km	2		101m²	Year 2024 Month 07 Day 19	$672,500	Council approved