Nestled in the serene St Andrews suburb of Hamilton, this 1960-built residence on 14b Delamare Road offers a prime opportunity on a cross-lease title. The 74sqm floor area is home to 2 bedrooms, 1 bathroom, and a single carpark, all protected by a solid brick exterior and a tile roof in good condition. The property, with an easy/moderate fall contour, is perfect for builders or renovators looking to invest in a sought-after location with a high potential for capital growth. As of September 2021, the government valuation (CV) stands at $500,000, marking a 13.64% increase since 2018. The HouGarden AVM estimates the property's value at $490,000, while the latest sale history shows a significant appreciation from $150,000 in 2000 to $273,000 in 2007.
For families, the property falls within the zones of the well-regarded Pukete School (decile 5) and Hamilton's Fraser High School (decile 4), ensuring quality education is within reach. This quiet cul-de-sac is not only about the potential of the land; it's about living in a neighborhood with easy access to local cafes, shops, and the beautiful Waikato River walks, with convenient expressway links to all parts of Hamilton.
Don't miss this chance to own a piece of land in a highly desirable area. This could be the blank canvas you've been waiting for to create your dream home.
Updated on August 23, 2024