130a Tramway Road, Enderley, Hamilton

Nestled in the serene cul-de-sac of 130a Tramway Road, Enderley, Hamilton, this residential dwelling, built in 1998, stands on cross-lease land. The exterior boasts fibrous cement walls in good condition and an iron roof, equally well-maintained. It offers a comfortable 92 square meters of floor area, with one bathroom, one carpark, and a cozy layout that includes two spacious bedrooms upstairs with built-in wardrobes and an additional bedroom downstairs. The property has seen a significant jump in its capital value from $390,000 in September 2018 to $630,000 in September 2021, reflecting a growth of 61.54%. The HouGarden AVM estimates the property at $622,500, while the latest sales were recorded at $245,000 in 2014 and $196,750 in 2013. This home is perfect for first-home buyers, featuring a private outdoor space, a comfortable living room, a tiled bathroom with separate WC, a separate laundry, and a cozy deck.

For investors, the property presents a rental appraisal of $550-$570 per week, promising an impressive return of 5.5%-5.7%. Its strategic location near Ruakura Research Centre, Waikato University, and the 5 Cross Roads Shopping Centre ensures high tenant demand. Educationally, it falls within the zones of Fairfield Intermediate and Insoll Avenue School, both reputable institutions with respective decile ratings of 5 and 1.

With a $30,000 price adjustment to meet the market, this cute fenced home is an opportunity not to be missed!

Updated on November 06, 2024