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54 Pine Avenue, Melville, Hamilton, 5 Bedrooms, 0 Bathrooms, House

Sold: $690,000

Sold on 2024 Year 2024 Month 12 Day 02

54 Pine Avenue, Melville, Hamilton

5
119m2

Nestled in the serene Melville neighborhood of Hamilton, this charming 5-bedroom, 2-car park home on a cross-lease title presents an opportunity not to be missed. Constructed in 1950 with wood walls and an iron roof, it exudes a perfect blend of classic charm and modern comfort. The property has seen a significant Capital Value increase of 57.6% over the past three years, from $425,000 to the current $670,000. The average condition of both walls and roof is complemented by a partially double-glazed, gas-filled window setup for a quiet and cozy living environment.

With a government-estimated value of $670,000 and a HouGarden AVM of $612,500, this property's latest sale history includes transactions in 2004 and 1998. The increasing CV reflects a promising investment opportunity. The residence, with a floor area of 119 square meters, is move-in ready, thanks to its recent renovations and fresh paint, making it an ideal choice for those seeking both style and practicality.

Educationally, the property falls within a desirable school zone, enhancing its appeal for families. The nearby schools, known for their high decile ratings, ensure a quality education for children. This home not only offers convenience to local amenities such as hospitals, churches, playgrounds, and shopping centers but also provides a peaceful retreat in a quiet cul-de-sac, making it an attractive prospect for both homeowners and investors.

Updated on December 16, 2024

Council Data

Last update : 2025 01 08
Improvement value$220,000Increased by 91% from year 2018
Land value$450,000Increased by 45% from year 2018
CV(Year 2021 Month 09)$670,000Increased by 57% from year 2018
View typeNo appreciable view
ContourLevel
Floor area119m²
Decade of construction1950
TitleSA54D/680
Type of titleCross-Lease
Legal descriptionFLAT A DP S66717
CouncilHamilton
Estate descriptionFSIM,2/3,LOT 4 DEPOSITED PLAN 30998,1042m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Zone - General Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
St Pius X Catholic School (Melville)
0.08 km
Primary
1-8
Government
Co-Educational
EQI: 396
3
Melville Primary School
0.47 km
Primary
1-6
Government
Co-Educational
EQI: 545
2
Glenview School (Hamilton)
0.49 km
Primary
1-6
Government
Co-Educational
EQI: 473
5
Melville Intermediate
0.68 km
Secondary
7-8
Government
Co-Educational
EQI: 531
3
Mangakōtukutuku College (Proposed opening date: 2024-01-01)
0.77 km
Secondary
7-15
Government
Unknown
-
-
Melville High School
0.83 km
Secondary
9-15
Government
Co-Educational
EQI: 520
4
Deanwell School
1.39 km
Primary
1-6
Government
Co-Educational
EQI: 513
3
Hamilton West School
1.56 km
Primary
1-8
Government
Co-Educational
EQI: 445
5
Te Kura Amorangi o Whakawatea
1.97 km
Primary
1-8
Government
Co-Educational
EQI: 505
4
Southcity Christian School
2.01 km
Primary
1-8
Government
Co-Educational
EQI: 393
5

Property history

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For developers

Unitary plan:Residential Zone - General Residential Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Pine Avenue Neighborhood and Surrounding Data

Mortgage

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Bed
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Floor area
Sold date
Sold
Data source
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1
-m2
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Year 2024 Month 12 Day 04
-
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3
1
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Year 2024 Month 10 Day 10
$579,000
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23 Cleveland Street, Hamilton Central
0.29 km
3
1
-m2
Year 2024 Month 10 Day 01
$580,000
Council approved
21 Pollen Crescent, Melville
0.29 km
3
1
99m2
Year 2024 Month 07 Day 31
$532,500
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