8 Dorchester Place, Nawton, Hamilton

Nestled in the tranquility of 8 Dorchester Place, Nawton, Hamilton, this residential dwelling on a freehold title boasts 4 bedrooms, 2 bathrooms, and 2 car parks. Constructed in 2001 with roughcast walls and an iron roof, both in good condition, this 205m2 home is perched on a levelled 821m2 section. Despite its fire and smoke damage, the property presents an opportunity with a current Capital Value (CV) of $915,000, reflecting a 50% increase since 2018. The property's potential is further highlighted by the HouGarden AVM of $877,500 and a history of sales - $600,000 in 2017 and $435,000 in 2013.

With a CV that has been rising steadily, this property offers a promising investment. The recent CV increase of 0.5 indicates a healthy growth trend in the area. However, the owners are looking for a prompt sale, and a below-land-value offer could be a steal. The land alone is valued at $530,000, making this a golden opportunity for the right buyer.

For families with school-aged children, the property falls within the zone of Hamilton's Fraser High School, a secondary school with a decile rating of 4. This quiet cul-de-sac is an ideal location for raising a family, with a strong school network and a community-oriented environment.

Updated on October 18, 2024