162 Rimu Street, Maeroa, Hamilton

Nestled on a freehold site at 162 Rimu Street, Maeroa, Hamilton, this 1920's bungalow exudes charm with its wooden walls and iron roof. Offering 3 bedrooms, 1 bathroom, and 2 car parks, this residence boasts a floor area of 100sqm and is set on a generous 466sqm section with an easy/moderate rise contour. The property has seen a significant Capital Value increase of 61.80% from $445,000 in 2018 to $720,000 in 2021. The HouGarden AVM estimates the property's value at $670,000, while the latest sales history shows transactions at $306,000 in 2013 and $241,000 in the same year.

With a CV growth that outpaces the market, this home is not just a dwelling but a sound investment. It features period details like native timber floors and leadlight windows, along with modern comforts such as a heat pump and a well-equipped kitchen with stainless steel appliances. The oversized double garage and additional off-street parking are added bonuses.

For families, the property falls within the zones of Fraser High School (Decile 4), Forest Lake School (Decile 4), and Maeroa Intermediate (Decile 3), ensuring access to quality education. This outstanding entry-level home is priced sharp at $559,000, presenting a must-see opportunity for those looking to enter the property market.

Updated on May 21, 2024