26 O'Neill Street, Claudelands, Hamilton

Nestled in the serene Claudelands, Hamilton, at 26 O'Neill Street, this freehold property is a gem for investors. Comprising four one-bedroom units, it stands firm with concrete walls and an iron roof, built in the 1970s. The property offers a level contour and a spacious floor area of 190 square meters, on a land of 434 square meters. Notably, the capital value has seen a significant increase from $740,000 in 2018 to $1,070,000 in 2021, marking a growth of 44.59%. Currently generating a healthy cash flow of $1,235 per week, this investment opportunity is further sweetened by its proximity to the CBD, Claudelands Event Centre, and various transport routes.

With a HouGarden AVM of $1,042,500 and a latest sale record of $921,000 in 2024, this property presents a sound financial prospect. The historical sale in 1991 was a mere $146,000, highlighting the property's long-term value appreciation. The potential for renovation adds another layer of appeal, allowing for increased rental returns and capital gains in the future.

For families, the property falls within the catchment area of several esteemed schools. Peachgrove Intermediate boasts a decile rating of 5, while Marian Catholic School and Hamilton Boys' High School are both rated 7. Hamilton East School, Whitiora School, and Hamilton Girls' High School are also within reach, offering diverse educational opportunities for children of all ages.

Updated on July 26, 2024