21 Margaret Place, Deanwell, Hamilton

Nestled in the serene Margaret Place of Deanwell, Hamilton, this charming 3-bedroom, freehold property is a perfect blend of modern living and classic elegance. Constructed in 1973 with solid brick walls and an iron roof, both in good condition, the residence sits on an easy-to-moderate rise contour with a floor area of 102sqm and a land area of 857sqm. It boasts a warm and inviting ambiance, thanks to the tasteful updates and the addition of a heat pump. The home features a stylish bathroom, separate toilet, and a thoughtfully configured floor plan that includes a chic open-plan living area, a modern kitchen with tiled splashback, and a separate laundry. Outside, a large double garage and off-street parking provide convenience, while the property's CV has seen a remarkable increase from $445,000 in 2018 to $700,000 in 2021, a growth of 57.3%. The HouGarden AVM estimates the property's value at $695,000, closely aligning with the latest sale in 2019 for $431,000. Notably, the property is within the Deanwell School zone, a contributing school with a decile rating of 3.

With a history of appreciating value, this property presents a solid investment opportunity. The latest sale in 2019 was a significant jump from the previous sale in 2002 for $150,000, reflecting a consistent increase in capital value. The combination of a desirable location, a well-maintained home, and the potential for further value growth makes this property an attractive option for both first home buyers and investors.

For families with children, the school network is a key highlight. The property falls within the Deanwell School zone, a school known for its strong community spirit and commitment to educational excellence. The school's decile rating of 3 indicates a diverse range of students and a supportive learning environment.

Updated on November 20, 2024