7a Paterson Street, Frankton, Hamilton

Welcome to a meticulously maintained 2-bedroom, 1-bathroom unit at 7a Paterson Street, nestled in a quiet cul-de-sac of Frankton, Hamilton. This unit boasts an ownership type of Unit Title and is built to last with solid brick walls and an Iron roof, both in good condition. Constructed in 2006, it offers a floor area of 88 square meters and a single carpark, ideal for comfortable living. The property's Capital Value has seen a significant increase from $355,000 in September 2018 to $530,000 in September 2021, reflecting a growth of 49.30%. The HouGarden AVM estimates the property's value at $515,000, while the latest sale history dates back to 2007 with a price of $300,000.

For investors, the fixed-term Housing New Zealand Lease provides a secure income stream. Moreover, the property's strategic location within the catchment area of Hamilton's Fraser High School (Decile 4) and Frankton School (Decile 3) adds to its appeal, ensuring a hassle-free investment with endless possibilities. This is not just a property; it's a key to smart investing, combining durability, convenience, and a reliable rental income.

Embrace the opportunity to secure your financial future with this low-maintenance asset that promises a worry-free investment in the heart of urban convenience.

Updated on July 16, 2024