76 Wellington Street, Hamilton East, Hamilton

Nestled in the esteemed Hamilton East, this freehold property at 76 Wellington Street boasts 8 bedrooms, 2 bathrooms, and 2 car parks. Constructed with a mix of wood and iron, both the walls and roof exhibit a charming blend of conditions. Spanning over 220 square meters of floor area and 809 square meters of land, this residential complex is a gem for investors. The property has seen a significant Capital Value increase of 47.73% from $880,000 in 2018 to $1,300,000 as of 2021. The HouGarden AVM estimates the property's worth at $1,270,000, while the latest sales were recorded at $850,000 in 2024 and $475,000 in 2013.

For families with school-aged children, the property falls within the catchment area of several reputable schools, including Peachgrove Intermediate with a decile rating of 5, Marian Catholic School with a decile rating of 7, and Hillcrest High School with a decile rating of 7. The convenience of this location is further enhanced by its proximity to shops and public transport, making the commute to the CBD and university effortless.

Currently, the front unit, a 4-bedroom character cottage, is rented at $350.00 per week, while the rear unit, a 4-bedroom property from the 1990s, has a fixed-term tenant until February 2014 paying $360.00 per week. This is an opportunity not to be missed for those looking to delve into the rental market.

Updated on August 14, 2024