87a Ohaupo Road, Melville, Hamilton

Nestled in the desirable suburb of Melville at 87a Ohaupo Road, Hamilton, this charming two-bedroom, one-bathroom unit presents a lucrative opportunity. Constructed in 1970 with concrete walls and an iron roof, both in good condition, the property sits on a level contour. It boasts a floor area of 60 square meters and is held under a Cross-Lease title. The absence of dedicated car parks is compensated by the convenient carport. The interior features an open-plan living and dining area with a heat pump for all-season comfort, and a wrap-around kitchen that facilitates easy interaction with the living space. This property has seen a significant Capital Value (CV) increase from $365,000 in September 2018 to $495,000 in September 2021, a growth of 35.62%. The HouGarden AVM estimates the property's value at $485,000. Notably, the latest sale history includes transactions in 2016 for $217,500 and in 2002 for $93,000.

For families, the property falls within a highly regarded school zone. The decile rating and proximity to quality educational institutions make it an attractive proposition for those with children.

Given its prime location, within walking distance to Waikato Hospital and a short drive to Hamilton Lake and the CBD, this property offers the perfect blend of convenience and comfort, making it an ideal choice for first home buyers, downsizers, or investors.

Updated on August 14, 2024