130 Mahoe Street, Melville, Hamilton

Located at 130 Mahoe Street, Melville, Hamilton, this residential dwelling boasts a spacious floor area of 197 sqm on a substantial land area of 3055 sqm. Built in 1957, the property features 5 bedrooms, an unspecified number of bathrooms, and 3 car parks. The house is constructed with wood walls and an iron roof, both in average condition. It is a freehold property with an easy/moderate rise contour, offering a versatile layout and elevated views. This property has been on the market for the first time in 40 years, highlighting its rarity and potential for future development.

The property has seen a significant increase in capital value, from $640,000 in September 2018 to $910,000 in September 2021, marking a 42.1875% growth. The HouGarden AVM estimates its value at $897,500. This property's capital value growth and substantial land size present a unique opportunity for large families or investors looking to explore multi-tenancy options or future development possibilities.

Located in a family-friendly neighbourhood close to the CBD, Hamilton Gardens, and Waikato River Trails, this property falls within the school zones of Hamilton West School (Full Primary, decile 5) and Deanwell School (Contributing, decile 3). Its location offers easy access to Waikato Hospital, Hamilton Lake, all levels of schooling, public transport, and the Expressway, making it an ideal choice for families seeking convenience and a great lifestyle.

Updated on March 25, 2024.