253 Cambridge Road, Hillcrest, Hamilton

Nestled in the coveted Hillcrest neighborhood, this spacious 4-bedroom, freehold property is a gem on a 941m2 block. The solid brick exterior and tiled roof, built in 1964, are both in good condition, while the interior boasts a floor area of 250m2. The property includes a well-sized kitchen, a living area with expansive views, and separate toilet and shower facilities. Downstairs, a 2-bedroom unit with a renovated laundry and a carpeted garage cater to larger families or potential flatmates. With a CV of $880,000 as of September 2021, the property has seen a 47% increase since 2018, reflecting its rising value. The HouGarden AVM estimates it at $820,000, and the latest sale was for $730,000 in August 2021, a testament to its investment potential.

History shows a significant increase in the capital value, from $600,000 in September 2018 to the current $880,000, indicating a rapid appreciation. The property's recent sale history and AVM reflect a strong market interest, making it an attractive opportunity for investors. The property's contour, with an easy to moderate fall, adds to its charm and potential for development.

For families with school-aged children, the property falls within the zones of highly rated schools such as Peachgrove Intermediate (Decile 5), Marian Catholic School (Decile 7), Hillcrest High School (Decile 7), Silverdale Normal School (Decile 4), Berkley Normal Middle School (Decile 8), and Hillcrest Normal School (Decile 8), ensuring access to quality education.

Updated on May 29, 2024