31b Vernall Street, Nawton, Hamilton

Embrace this charming two-bedroom unit, part of a duplex with a shared internal garage, offering both privacy and ease of access. Nestled in a peaceful setting at 31b Vernall Street, Nawton, Hamilton, this residential ownership home unit is a perfect choice for visionary buyers. Constructed in 1975 with fibrous cement walls and tiled roofing, both in good condition, this level property is primed for transformation. The current owners are highly motivated, presenting a golden opportunity to benefit from their urgency and potentially secure a bargain. With a new roof and floor coverings needed, it's a blank canvas ready for your personal touch to add value. The property's potential is vast, and with some effort and expert craftsmanship, it could be transformed into a modern home at a very reasonable price point. The included renovation ideas showcase the endless possibilities, just waiting for you to customize. This is your chance to revitalize this brick unit and make it your own. The property has a capital value of $560,000 as of September 2021, a significant increase of 75% from the $320,000 valuation in 2018. The HouGarden AVM estimates the property at $520,000, while the latest sales were in 2005 for $177,000 and in 2003 for $100,000.

As for the government valuations, the rapid capital value growth highlights the investment potential. The property is under a cross-lease title and offers a floor area of 90 square meters with one bathroom and a carpark. The location is further enhanced by being in the zones for Fraser High School (decile 4), Nawton School (decile 2), and Maeroa Intermediate (decile 3), ensuring quality education options for the family.

Unlock the potential of this property and be rewarded with a satisfying investment that will pay off for years to come.

Updated on July 12, 2024