5 Stable Lane, Nawton, Hamilton

Nestled at the end of a quiet cul-de-sac, this 3-bedroom, 1-bathroom residence with 2 car parks presents an attractive opportunity. Constructed in 1995 with fibrous cement walls and an iron roof, both in good condition, the property sits on a steep rise site. The 89sqm floor area is complemented by a sunny rear deck and a private, established garden, perfect for evening BBQs. The heat pump ensures year-round comfort. The home is on a cross-lease title with a capital value of $630,000 as of September 2021, showing a 72.6% increase since 2018. The latest sale was in 2019 for $365,000, with a HouGarden AVM of $587,500. In terms of education, it falls within the zone of Hamilton's Fraser High School, a secondary school with a decile rating of 4.

With a capital value growth that outpaces the market and a desirable school zone, this property offers both investment potential and family appeal. The historical sales reflect a consistent rise in value, from $346,000 in 2016 to the latest sale in 2019, indicating a steady increase in the property's worth.

For families with school-aged children, the property is located in a sought-after school zone. Hamilton's Fraser High School is a well-regarded secondary school with a decile rating of 4, ensuring access to quality education.

Updated on May 21, 2024