207e Killarney Road, Frankton, Hamilton

Located at 207e Killarney Road, Frankton, Hamilton, this leasehold property is a prime example of a well-maintained residential unit. Built in 2008, the property features 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 90 square meters. The exterior boasts brick walls in good condition and a tile roof also in good condition, ensuring a durable and low-maintenance home. The property is level, making it accessible and easy to manage. It's an end unit in a complex of five, offering a spacious courtyard and an additional parking space, enhancing its appeal to quality tenants.

From a financial perspective, the property has shown significant growth, with its capital value increasing from $315,000 in September 2018 to $480,000 in September 2021, marking a 52.38% increase. The latest HouGarden AVM estimates its value at $470,000. Historically, it sold for $360,000 in October 2019 and $310,000 in November 2008. Currently leased to Kianga Ora, it returns $485 per week, making it a sensible choice for those beginning their investment journey or looking to expand their portfolio.

Education is a key aspect of this property's location. It falls within the zone for Hamilton's Fraser High School, a secondary school with a decile rating of 4, and Maeroa Intermediate, an intermediate school with a decile rating of 3. This property is ideal for families valuing education and seeking a community with accessible schooling options.

Updated on March 21, 2024.