52b Berkley Avenue, Hillcrest, Hamilton

Located at 52b Berkley Avenue, Hillcrest, Hamilton, this residential property offers a unique home & income opportunity. The house, built in 1960, features three bedrooms, two living areas, and comes with two car parks. Covering a floor area of 110 square meters, it is constructed with brick walls and tile roofing, both in good condition. The property is on a level contour and holds a Cross-Lease title. It has been immaculately renovated, boasting new carpets, drapes, kitchen, and bathrooms. Each living area is equipped with a modern heat pump, making it turnkey ready. Situated in a quiet cul-de-sac, it is within walking distance to Hillcrest's most sought-after amenities including schools, shops, cafes, parks, and the Waikato University.

Over the past few years, the property has seen a significant increase in capital value, from $415,000 in September 2018 to $750,000 in September 2021, marking an 80.72% increase. The latest HouGarden AVM estimates its value at $720,000. It has a recent sale history, with transactions in November 2021 for $660,000 and December 2023 for $745,000. This property not only serves as a very profitable Air BnB but also offers various living arrangements such as a home with an income, a home and office, or a family home.

The property is zoned for several reputable schools, including Marian Catholic School (Hamilton) and Hillcrest High School, both with a decile rating of 7, Berkley Normal Middle School, and Hillcrest Normal School, each with a decile rating of 8. This makes it an ideal location for families looking for quality education options.

Updated on April 06, 2024.