15a May Street, Hamilton East, Hamilton

Located at 15a May Street, Hamilton East, Hamilton, this residential dwelling boasts three bedrooms, one bathroom, and one carpark, covering a floor area of 78 square meters on a level cross-lease land. The property, built in 1996, features fibrous cement walls and an iron roof, both in average condition. This home is ideal for first home buyers or those looking to undertake a rejuvenation project. The original kitchen presents a fantastic opportunity for renovation, and the spacious living area, equipped with a heat pump, opens to a north-facing, fenced yard. Additional benefits include insulation and a single garage that can be used as valuable storage space.

The property has seen a significant increase in capital value, from $385,000 in September 2018 to $590,000 in September 2021, marking a 53.25% growth. The latest HouGarden AVM estimates the property's value at $577,500. The last recorded sale was in November 1996 for $136,000. This property's potential for value enhancement makes it an attractive option for investors, especially given its proximity to the university, ensuring a steady demand for rental properties.

Education is well catered for, with the property zoned for Peachgrove Intermediate (decile 5), Marian Catholic School (Hamilton) (decile 7), Hamilton Boys' High School (decile 7), Knighton Normal School (decile 5), and Hamilton Girls' High School (decile 6). This location's appeal is further enhanced by its accessibility to quality education, making it a desirable option for families.

Updated on March 21, 2024.