218 Hillcrest Road, Hillcrest, Hamilton

Nestled on a quarter-acre lot opposite the esteemed University of Waikato in the serene suburb of Hillcrest, this freehold property is a rare gem that offers not one, but two independent dwellings. The main residence, built in the 1940s, boasts a spacious floor area of approximately 220sqm over two levels, featuring five ample bedrooms, three bathrooms, a grand lounge, and a dining area that opens to a large elevated deck. The secondary dwelling, constructed in 2015, is a smart 60sqm home with three double bedrooms, a combined bathroom, and an open-plan living/dining area. Both homes are equipped with a central air-conditioner and double glazing, ensuring comfort all year round. The property includes off-street parking, a garage, and a carport. Currently generating a combined weekly rental of $1450, this property is compliant with healthy homes standards and is located in a highly sought-after school zone, including Hillcrest Normal School, Berkley Normal Middle School, and Hillcrest High School.

From a financial perspective, the property has seen a significant Capital Value increase of 44.94% from $990,000 in 2018 to $1,425,000 in 2021. The HouGarden AVM estimates the property's value at $1,288,500, while the latest sales history shows a progression from $452,000 in 2006 to $537,000 in 2014, indicating a promising investment opportunity.

With its desirable location, top-notch schools, and impressive CV growth, this property is a blue-chip opportunity not to be missed.

Updated on September 17, 2024