Nestled in the serene cul-de-sac of 2a Burrows Place, Frankton, Hamilton, this 2009-built residential unit boasts a solid brick exterior and an iron roof, both in good condition. The 86sqm floor area home includes 2 bedrooms and 1 bathroom, and is governed by a Unit Title. The property's Capital Value (CV) has seen a remarkable increase of 35.80% from $405,000 in September 2018 to $550,000 in September 2021, indicating a sound investment with promising growth potential. The latest sale history showcases transactions at $518,000 in 2021 and $475,000 in 2024, while the HouGarden AVM estimates the property's worth at $505,000.
With a rental lease renewed by Housing New Zealand through to November 2027 and a current monthly income of $1,989, this property presents a secure investment opportunity. The Healthy Home standard compliance ensures peace of mind for both investors and tenants. In terms of ratings, Hamilton's Fraser High School, a secondary school with a decile rating of 4, is in the school zone.
Located in close proximity to Dinsdale's amenities, this property offers convenience and comfort. The financials are straightforward: body corporate fees at $575, insurance at $1,445, HCC rates at $2,444, and Waikato Regional Rates at $459. This property is ready for a discerning investor to capitalize on its prime location and growth prospects within a desirable school zone.
Updated on December 04, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 1 | -m2 | 2024 11 22 | $570,000 | Council approved | |
 | 0.04 km | 3 | 1 | -m2 | 2024 10 10 | $599,000 | Council approved | |
 | 0.10 km | 3 | 1 | -m2 | 2024 09 05 | $629,000 | Council approved | |
 | 0.11 km | 3 | 1 | 76m2 | 2024 08 01 | $525,000 | Council approved | |
0.15 km | 2 | 1 | 100m2 | 2024 07 02 | $505,000 | Council approved |