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4/43 Mahoe Street, Melville, Hamilton City, Waikato, 4 Bedrooms, 4 Bathrooms, House

$995,000

4/43 Mahoe Street, Melville, Hamilton City, Waikato

4
4
143m2
239m2
HouseListed on Thu Oct 3
Near New

Melville 4 Bedroom Cashflow Freehold Investment

***Strong 6.1% gross yield***

If you're seeking a prime real estate investment, this opportunity is not to be missed. Available now is a near new, four-bedroom townhouse in the highly desirable Melville area. This modern, stylish development is ideally located within walking distance to Waikato Hospital and Hamilton Lake, with easy access to Hamilton CBD and local amenities. The current rental income is $1,170 per week with room for growth, making it a strong investment with excellent returns.

Each of the four studio bedrooms comes fully equipped with a kitchenette and ensuite bathroom, including a TV, microwave, mini-fridge, and high-quality bed and base, ensuring tenant comfort. The property also features a spacious communal living area, complete with a large kitchen, laundry facilities, and a sunlit, fenced backyard perfect for relaxation. Power is included in the weekly rent, offering added convenience. Built by Assured Property, known for their low-maintenance, purpose-built investments, this property is designed for hassle-free passive income. Constructed with high-quality materials such as brick and Linea weatherboard, it boasts double glazing and full compliance with healthy homes standards. The Freehold title spans 239sqm (more or less) and includes two car parks, making it an appealing addition to any rental portfolio.

With four bedrooms and four bathrooms, this property offers flexibility and is in high demand, particularly from hospital staff, international students, and professionals seeking independent living.

Don't miss the chance to acquire this exceptional property in an area poised for significant growth. Get in touch today.

Location

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Council Data

Last update : 2024 12 11
Improvement value$510,000Increased by 37% from year 2018
Land value$305,000Increased by 45% from year 2018
CV(Year 2021 Month 09)$815,000Increased by 40% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Land area239m²
Floor area143m²
Decade of construction2022
Title860001
Type of titleFreehold
Legal descriptionLOT 4 DP 529906
CouncilHamilton
Estate descriptionFSIM,1/1,LOT 4 DEPOSITED PLAN 529906,239m2
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
Deanwell School
0.89 km
Primary
1-6
Government
Co-Educational
EQI: 513
3
Hamilton West School
1.53 km
Primary
1-8
Government
Co-Educational
EQI: 445
5

Property history

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For developers

Unitary plan:Residential Zone - General Residential Zone
Land:239m²
Title:Freehold

Surrounding facilities

Mahoe Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
59a Mount View Road, Melville
0.27 km
3
1
-m2
Year 2024 Month 12 Day 13
$537,500
Council approved
7/18 Mahoe Street, Melville
0.30 km
3
2
161m2
Year 2024 Month 10 Day 23
$760,000
Council approved
10/18 Mahoe Street, Melville
0.27 km
3
2
161m2
Year 2024 Month 09 Day 23
$750,000
Council approved
31 Gardenia Close, Melville
0.17 km
2
1
123m2
Year 2024 Month 08 Day 05
$650,000
Council approved
96 Mahoe Street, Melville
0.07 km
3
1
160m2
Year 2024 Month 07 Day 04
$607,000
Council approved

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Ref:2316146Last update:2024-12-05 09:31:01