Nestled in the serene cul-de-sac of Rimu Street, this 4-bedroom, 1-bathroom residential dwelling is a prime example of a well-maintained property. Constructed in 1997 with fibrous cement walls and an iron roof, it stands on a freehold site of 490m2, complete with a single carpark and a heat pump. The property has seen a significant Capital Value (CV) increase of 60.87% from $460,000 in 2018 to $740,000 as of September 2021. The HouGarden AVM estimates it at $675,000, while the latest sales were recorded at $520,000 in 2024 and $270,000 in 2013.
With a desirable location in Forest Lake, the property is in close proximity to schools, parks, shops, and the Hamilton city center. It's currently tenanted by a family who appreciates its convenient layout, featuring open plan living, dining, and kitchen with a separate laundry. The property falls within the catchment area of Hamilton's Fraser High School (Decile 4), Forest Lake School (Decile 4), and Maeroa Intermediate (Decile 3), ensuring quality education for the family.
Given the 4 bedrooms and garaging on its own site, at this price, it's a winner in the sought-after location. The property's potential is undeniable, making it an attractive investment opportunity.
Updated on December 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 2 | 140m2 | 2024 10 18 | $758,000 | Council approved | |
 | 0.04 km | 3 | 2 | 148m2 | 2024 09 19 | $754,000 | Council approved | |
 | 0.04 km | 3 | 2 | 98m2 | 2024 09 17 | $683,000 | Council approved | |
0.03 km | 3 | 1 | 99m2 | 2024 09 03 | $687,000 | Council approved | ||
0.03 km | 3 | 1 | 99m2 | 2024 09 03 | $683,000 | Council approved |