Nestled in the serene Hamilton suburb of Glenview, at 40 Garden Heights Avenue, lies a unique dual-income investment opportunity. This freehold property boasts a total of six bedrooms, spread across two modern dwellings – a brand new three-bedroom home at the rear and a renovated three-bedroom home at the front. Constructed with iron roofing and wood exterior walls in good condition, the property sits on a level 607sqm of land with a floor area of 151sqm. The property's capital value has seen a significant increase from $750,000 in September 2018 to $1,150,000 in September 2021, reflecting a growth of 53.33%. The HouGarden AVM estimates the property's value at $1,052,500, while the latest sales were recorded at $932,000 in 2024 and $745,000 in 2017.
From an investment perspective, the property generates a total rental income of $780 per week, making it a lucrative opportunity. The property falls within the catchment area of Glenview School, a contributing school with a decile rating of 5. This location, close to Waikato and Braemar Hospitals and with easy access to the CBD, ensures high tenant demand and convenience.
With its dual income potential, solid capital value growth, and desirable school zone, this property is an investor's dream.
Updated on December 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 3 | 1 | 100m2 | 2024 11 21 | $605,500 | Council approved | |
 | 0.27 km | 3 | 1 | -m2 | 2024 09 20 | $625,000 | Council approved | |
 | 0.22 km | 3 | 1 | 95m2 | 2024 08 15 | $687,500 | Council approved | |
 | 0.12 km | 4 | 148m2 | 2024 08 01 | $783,000 | Council approved | ||
 | 0.19 km | 3 | 1 | 81m2 | 2024 07 18 | $670,000 | Council approved |