2/5 Vesty Avenue, Hillcrest, Hamilton

Nestled in the serene Vesty Avenue cul-de-sac, this 2-bedroom, 1-bathroom unit with an iron roof and mixed-material walls on a level contour is a prime example of modern living. The unit, part of the MUSE development, is a freehold property with a floor area of 67 square meters. The property's capital value has seen a significant increase, reflecting a promising investment opportunity with a potential 7%+ gross yield. The latest sale record of $679,000, along with the HouGarden AVM of $295,000, underscores the property's allure. The unit is well-appointed with quality fixtures and a private courtyard, perfect for both entertainment and tranquility.

As for the government's valuation, the capital value as of September 2021 stands at $670,000, indicating a rapid growth trajectory. The property's strategic location within the Hillcrest school zone, close to Waikato University and the Ruakura Superhub, further enhances its value proposition. The rental income potential, with an appraised rental of $620 per week plus a developer top-up of $350 per week for the first 2 years on select units, makes it an even more attractive investment.

For families, the school network is a significant draw. The property falls within a highly rated school zone, ensuring access to quality education. This combination of location, value, and potential return makes it an ideal choice for both homebuyers and investors.

Updated on October 02, 2024