62 Prisk Street, Melville, Hamilton

Nestled on a generous 809m2 corner site at 62 Prisk Street, Melville, Hamilton, this freehold property boasts two separate dwellings on one title. The original home is a cozy 3-bedroom, 1-bathroom with an open-plan living area, complemented by a kitchen that leads to a separate laundry with access to a single internal garage. The second dwelling, built in 2016, is a modern 2-bedroom, 1-bathroom brick home, showcasing contemporary open-plan living. Both homes are currently tenanted, offering immediate rental income. The property has an average brick exterior, an iron roof, and a level contour, with the roof and walls in average condition. As for the investment perspective, the capital value has seen a significant increase of 41% from $660,000 in 2018 to $930,000 in 2021, with the HouGarden AVM estimating the property at $852,500. The latest sale history includes transactions in 2018 for $655,000 and in 2006 for $255,000.

For families with children, the property falls within the Deanwell School zone, a contributing school with a decile rating of 3. This combination of a strong capital value growth potential, rental income, and a desirable school zone makes this property a doubly attractive investment.

Updated on December 06, 2024