280b Te Rapa Road, Beerescourt, Hamilton

Nestled in the heart of Hamilton, this 1967-built residence on a cross-lease title at 280b Te Rapa Road, Beerescourt, offers a prime opportunity for value addition in the current market. The property boasts 2 bedrooms, 1 bathroom, a single carpark, and a floor area of 100sqm. Constructed with durable brick walls and an iron roof, it presents an average condition both inside and out, sitting on a level contour. The capital value has seen a growth of 45.45% from $385,000 in September 2018 to $560,000 in September 2021, while the HouGarden AVM estimates it at $562,500. The latest sales were recorded at $455,000 in July 2024 and $255,000 in June 2015. This home is in the catchment area of Fraser High School (Decile 4), Vardon School (Decile 4), and Maeroa Intermediate (Decile 3), ensuring quality education for the family.

With a sunny conservatory, an open-plan kitchen, and a potential study room at the rear, this property exudes potential for improvement. Currently tenanted at $300pw, the property has been in the vendor's care for 14 years and is now ready for a new owner to unlock its full potential.

Located within a 5-minute drive to both the town center and the base shopping center, this home offers convenience and comfort in a quiet cul-de-sac. Don't miss the chance to strike while the iron is hot!

Updated on September 04, 2024