49b Normandy Avenue, Melville, Hamilton

Introducing 49b Normandy Avenue, Melville, Hamilton, a modern and spacious 3-bedroom dwelling that epitomizes low-maintenance living with a touch of elegance. This property, nestled in a quiet cul-de-sac, features a floor area of 140m2, constructed with durable concrete walls and an iron roof, dating back to 1950. Despite its age, the property maintains a fair condition in both wall and roof, ensuring a stable and secure living environment. The home is part of a Cross-Lease ownership type, emphasizing a shared commitment to the property's upkeep and value.

The financial journey of this residence showcases a remarkable capital value increase from $480,000 in September 2018 to $730,000 in September 2021, marking a 52.08% growth. This surge reflects the property's enhanced value and appeal in the market. The latest sale in May 2022 recorded at $660,000, slightly below the HouGarden AVM of $700,000, indicates a strong and stable investment. The property's history of sales further underscores its consistent demand and financial appreciation over the years.

Located in a prime school zone, this property ensures access to quality education, making it an ideal choice for families. The proximity to essential amenities, including the hospital, CBD, and Glenview Mall, adds to its desirability, offering convenience and a balanced lifestyle. The emphasis on education and community resources highlights the property's potential for fostering a nurturing and enriching living experience.

Updated on April 04, 2024.