Nestled in the serene Reeves Close, a quiet cul-de-sac in Fairview Downs, Hamilton, stands this charming 2-bedroom, 1-bathroom residence, built in 1988 with a solid fibrous cement exterior and reliable iron roof. This cross-lease property, with a floor area of 67 square meters, presents a perfect blend of cozy living and smart investment. As of September 2021, the Capital Value (CV) has seen a remarkable increase to $580,000, indicating a growth of 65.71% since September 2018. The property is move-in ready, thanks to the recent refresh that includes new carpet in the lounge and hallway, and a fresh coat of paint both inside and out.
With a HouGarden AVM of $582,500 and a latest sale history in 2014 for $193,000, this property holds significant value. The CV growth history and AVM reflect a promising investment opportunity. The home's open-plan kitchen and living area, along with a dedicated laundry, provide functionality and comfort. Outside, the property offers a carport, a sizeable garden shed, and a cozy veranda for outdoor enjoyment.
For families with children, the property falls within the zones of Fairfield Intermediate and Insoll Avenue School, both known for their respective deciles of 5 and 1. Additionally, Peachgrove Intermediate is also within reach. This home not only offers convenience with its proximity to local parks and a short 5-minute drive to the University of Waikato but also presents an opportunity to be part of a desirable school community.
Updated on September 24, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 3 | 1 | -m2 | 2024 12 13 | $590,000 | Council approved | |
 | 0.07 km | 4 | 1 | -m2 | 2024 11 05 | $653,400 | Council approved | |
 | 0.24 km | 4 | 1 | -m2 | 2024 10 07 | $753,000 | Council approved | |
 | 0.17 km | 3 | 1 | 128m2 | 2024 08 28 | $785,000 | Council approved | |
 | 0.09 km | 3 | 1 | 87m2 | 2024 06 27 | $564,000 | Council approved |