33a Normandy Avenue, Melville, Hamilton

Introducing a fantastic opportunity at 33a Normandy Avenue, Melville, Hamilton, this property is a builder's, tradesman's, investor's, or renovator's dream. Featuring 3 double-sized bedrooms, 1 bathroom, and a single garage, this residential dwelling spans a floor area of 100 square meters. Constructed in the 1950s with wood walls and an iron roof, both in average condition, the property sits on a level cross-lease land. The spacious kitchen and dining area, along with a separate laundry, provide ample space for living and potential renovation. Its prime location near Waikato Hospital enhances its investment appeal, potentially as an Airbnb.

From a financial perspective, the property has seen significant growth, with its capital value increasing from $380,000 in September 2018 to $630,000 in September 2021, marking a 65.79% increase. The latest HouGarden AVM estimates its value at $617,500. Historical sales data reveals a steady appreciation, with sales at $161,250 in February 2006 and $350,000 in August 2016. This trajectory underscores the property's solid investment potential and the opportunity to further increase its value through renovation.

The property falls within a sought-after school zone, ensuring it is an attractive option for families. While specific schools and decile ratings are not provided, the location's reputation for quality education adds to the property's appeal. This is an opportunity not to be missed for those looking to invest in a property with significant upside potential through renovation and in a desirable location.

Updated on March 21, 2024.