1/54 Helena Road, Hillcrest, Hamilton

Nestled in a prime location, close to Waikato University and Ruakura Superhub, this 108sqm residential unit at 1/54 Helena Road, Hillcrest, Hamilton, boasts a 3-bedroom configuration with two ensuites and a separate bathroom, currently tenanted. Constructed in 2020 with an iron roof and mixed-material walls in good condition, it includes a single garage and one off-street park. The property, held under Unit Title, has seen a significant Capital Value increase of 56% from $530,000 in 2018 to $825,000 in 2021. The HouGarden AVM estimates it at $805,000, while the latest sale in 2018 was for $616,000. This investment opportunity is further enhanced by its placement in a desirable school zone, including Peachgrove Intermediate and Hamilton Boys' High School, both decile 7.

With a CV growth rate that outpaces the market, this property presents a golden chance for investors. The rental potential is high, with an appraisal of $250 - 270 per week per room. The owner is highly motivated to sell, and offers are welcomed. This is not just a property; it's a strategic investment in an up-and-coming university zone.

Educationally endowed, the property falls within the catchment area of several well-regarded schools, such as the decile 7 Marian Catholic School and Hillcrest High School, ensuring access to quality education for families. This property is a must-see for those looking to secure a sound investment with strong capital gains potential and a robust rental market.

Updated on August 08, 2024