55 Barrie Crescent, Silverdale, Hamilton

Nestled at the end of a quiet cul-de-sac in the heart of Silverdale, Hamilton, this charming 4-bedroom, 2-bathroom duplex on a freehold title presents an enviable investment opportunity. Constructed in 1973 with brick walls and an iron roof, this level property offers a floor area of 120sqm and a land area of 1214sqm. Notably, the capital value has seen a staggering increase of 82.69% from $520,000 in 2018 to $950,000 in 2021. The property is currently valued at $940,000 according to HouGarden AVM, with a latest sale history of $460,000 in 2017 and $327,000 in 2015. Each unit is rented at $430 per week, providing a gross annual return of $44,720, making it an attractive prospect for investors.

With a CV growth rate that outpaces the market average, this property is not just a home but a sound financial investment. The well-maintained brick exterior and iron roof ensure low maintenance, while the northerly aspect guarantees ample natural light and warmth.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Peachgrove Intermediate (Decile 5), Marian Catholic School (Decile 7), Hillcrest High School (Decile 7), Silverdale Normal School (Decile 4), and Berkley Normal Middle School (Decile 8), offering a comprehensive education network.

Updated on November 26, 2024