2 Palmerston Street, Hamilton Central, Hamilton

Nestled in the heart of Hamilton Central at 3/2 Palmerston Street, this residential unit title property boasts a prime location, just steps away from Waikato Hospital and the bustling business district. Constructed in 2015 with a mix of materials, the exterior walls are in good condition, as is the iron roof. The property is a fully operational, furnished four-bedroom studio apartment complex with a shared living area, kitchen, and laundry. Each studio has an ensuite, kitchenette, and comes with modern amenities. The complex stands on a level contour with a floor area of 119 square meters and a single carpark, offering a rental income of $1,135 per week.

As per the government's valuation, the capital value has seen a significant increase from $660,000 in September 2018 to $870,000 in September 2021, marking a growth of 31.82%. The HouGarden AVM estimates the property's value at $835,000. With a rental yield of 8%, this is an attractive investment opportunity.

For families with children, the property falls within the catchment area of several reputable schools. Marian Catholic School and Hamilton Boys' High School are both rated a decile 7, while Hamilton Girls' High School is a decile 6 and Hamilton West School a decile 5. This central city location offers easy access to quality education.

Updated on October 09, 2024