Welcome to 221 Old Farm Road, a charming freehold property in Hamilton East. Constructed in 2003 with durable brick walls and tiled roof, this 3-bedroom, 1-bathroom home sits on a level 428m2 section with a floor area of 130m2 and a double carpark. The property's Capital Value has seen a significant increase of 48.21% from $560,000 in 2018 to $830,000 in 2021. Moreover, the HouGarden AVM estimates it at $775,000, while the latest sales history shows a progression from $343,000 in 2006 to $533,000 in 2016.
Notably, the property falls within the zones of highly esteemed schools such as Hamilton Boys' High School, Hamilton Girls' High School, and Peachgrove Intermediate, with a decile rating ranging from 5 to 7. This is an ideal location for families prioritizing education. The property is currently tenanted, generating a steady income of $625 per week, and is surrounded by amenities, just a short stroll from Waikato University and the hub of local businesses.
Whether you're seeking a sound investment, a family home in an excellent school zone, or simply a comfortable place to live, this property is a perfect choice.
Updated on May 29, 2024