5/85 Cameron Road, Hamilton East, Hamilton

Nestled in the heart of Hamilton East, at 5/85 Cameron Road, lies a prime residential investment opportunity - a fully operational, furnished four-bedroom studio apartment complex. Constructed in 2019 with a robust iron roof and fibrous cement walls, this unit-titled property boasts a floor area of 115 square meters and a carpark. The property's Capital Value (CV) has seen a staggering increase of 72% from $495,000 in 2018 to $850,000 in 2021, indicating a high growth potential. Furthermore, the HouGarden AVM estimates the property's value at $780,000, with the latest sale in 2018 fetching $629,000. This investment is not only strategically located within a 5-minute walk to the University of Waikato but also falls within the catchment area of top-rated schools such as Peachgrove Intermediate (Decile 5), Marian Catholic School (Decile 7), Hamilton Boys' High School (Decile 7), Knighton Normal School (Decile 5), and Hamilton Girls' High School (Decile 6), making it an attractive prospect for families and investors alike.

Each studio in this complex is fully tenanted, complete with an ensuite, kitchenette, and furniture, generating a rental income of $1,020 PW. The shared living area, kitchen, and laundry further enhance the appeal. With a potential rental of approximately $300 per week per room, this property offers a 7% gross yield, a golden opportunity for investors seeking a secure investment with a consistent return.

Centrally located in a quiet cul-de-sac, this property is a gem in the midst of a thriving educational hub. Its proximity to universities and well-regarded schools, along with the strong CV growth and rental yield, presents an opportunity not to be missed.

Updated on December 12, 2024