Nestled in a serene cul-de-sac at 41c Ohaupo Road, Melville, Hamilton, this 1987-built residential dwelling boasts 3 bedrooms, 1 bathroom, and a carport. The 80sqm floor area is complemented by a tiles roof and fibrous cement walls, both in good condition. It sits on a property with an easy/moderate fall contour and is under a Cross-Lease ownership. The capital value has seen a significant increase from $350,000 in 2018 to $600,000 in 2021, marking a growth of 71.43%. The HouGarden AVM estimates it at $592,500, while the latest sale was recorded at $665,000 in 2024, previously $309,000 in 2016.
With a proven track record as a popular rental, especially due to its proximity to the hospitals, this property is always in demand. The Hamilton West School, a full primary with a decile rating of 5, is in the vicinity. The rental appraisal is available, highlighting the potential return on investment.
Perfectly positioned for convenience, this property presents an ideal opportunity for those seeking a reliable rental in a sought-after location.
Updated on November 13, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.09 km | 3 | 139m2 | Year 2024 Month 10 Day 26 | $645,000 | Council approved | |||
 | 0.17 km | 3 | 2 | 161m2 | Year 2024 Month 10 Day 23 | $760,000 | Council approved | |
 | 0.20 km | 3 | 2 | 161m2 | Year 2024 Month 09 Day 23 | $750,000 | Council approved | |
 | 0.10 km | 2 | 1 | -m2 | Year 2024 Month 08 Day 30 | $560,000 | Council approved | |
 | 0.16 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 23 | $700,000 | Council approved |