15 Opal Place, Chartwell, Hamilton

Nestled in the tranquil Chartwell cul-de-sac at 15 Opal Place, this 210m2 residential dwelling on a spacious 1327m2 freehold section is a gem for developers, investors, and builders. Constructed in 1970 with mixed materials for the walls and iron for the roof, the property boasts 4 bedrooms, 2 bathrooms, and a single car park. The current owners have meticulously prepared the groundwork with approved land use consent and a subdivided plan valid until June 2026. The property's Capital Value (CV) has seen a remarkable increase of 52.46% from $610,000 in September 2018 to $930,000 in September 2021. HouGarden AVM estimates the property's worth at $907,500, while the latest sales were recorded at $650,000 in October 2019 and $490,000 in June 2015. This opportunity is not just about the numbers; it's about the potential that lies in this serene setting, with easy access to the Chartwell Shopping Centre and nearby recreational amenities.

For families, the property falls within the catchment area of Fairfield Intermediate, a school with a decile rating of 5, ensuring quality education for the children. The current home, while in its original condition, presents an easy renovation project, a land banking opportunity, or a clean slate for new construction. This property is ripe for exploration, with the deadline for offers set on 25 July 2024 at 2pm.

With such a promising CV growth trajectory and a prime location, 15 Opal Place is where future development meets potential returns, making it an opportunity not to be missed.

Updated on August 16, 2024