Nestled in the heart of Frankton, this 2-bedroom, 1-bathroom residential unit on a leasehold title presents a golden opportunity for investors. Constructed in 2007 with brick walls and tiled roof, the property boasts a well-maintained condition and a level contour. The 90sqm floor area provides a comfortable living space, complemented by an open-plan kitchen and dining area. Notably, the property's Capital Value (CV) has seen a significant increase from $330,000 in September 2018 to $520,000 in September 2021, reflecting a growth rate of 57.58%. The HouGarden AVM estimates the property's value at $485,000, while the latest sale in 2007 was for $308,000. Currently leased to Housing New Zealand until January 2027, the property guarantees a monthly income exceeding $2000, with potential for yearly increases. The location is further enhanced by its proximity to schools, with Hamilton's Fraser High School (Decile 4), Maeroa Intermediate (Decile 3), and Frankton School (Decile 3) being part of the desirable school zone.
For investors seeking a secure and promising investment, this property offers a combination of modern comfort, low maintenance, and a guaranteed income stream, making it an attractive prospect in the thriving rental market of Frankton.
Updated on May 14, 2024
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 4 | 1 | -m2 | 2024 06 26 | $503,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | 2024 05 03 | $545,000 | Council approved | |
 | 0.10 km | 3 | 1 | -m2 | 2024 04 19 | $577,000 | Council approved | |
 | 0.22 km | 3 | 1 | -m2 | 2024 02 13 | $665,000 | Council approved | |
0.23 km | 1 | 68m2 | 2024 01 17 | $689,000 | Council approved |