5/1 Dp Coates Street, Hamilton East, Hamilton

Nestled in the serene Hamilton East, this 2-bedroom, 1-bathroom unit with a single car park presents a golden opportunity for first-time buyers or investors. Unit 5 at 5/1 Dp Coates Street is part of the well-maintained Coates Apartments complex, boasting a concrete exterior and an iron roof from the 1970s. The property, with an average wall and roof condition, sits on a level contour and offers a comfortable 60 square meters of floor space. The current Capital Value (CV) of $405,000 reflects a growth of 47.27% since 2018. The HouGarden AVM estimates the property at $372,500, while the latest sale was recorded at $390,000 in 2024. This unit title property enjoys a private courtyard and open-plan living, conveniently located within walking distance to schools with impressive deciles, including Peachgrove Intermediate (Decile 5), Marian Catholic School (Decile 7), and Hillcrest High School (Decile 7), among others.

With a CV increase that outpaces the market and a desirable school zone, this property is not just a home but a sound investment. The combination of a quiet cul-de-sac, a heat pump for comfort, and easy access to amenities like Hamilton East Village, cafes, and river walks makes it an attractive package for those looking to enter the property market or expand their investment portfolio.

Education is a key highlight, with the property being in the zone for several well-regarded institutions. The schools in the area, known for their high decile ratings, ensure a quality education for children of all ages, from primary to secondary. This property is more than just a place to live; it's an investment in a promising future.

Updated on December 11, 2024