55 Silverdale Road, Silverdale, Hamilton

Nestled at 55 Silverdale Road, Silverdale, Hamilton, this freehold property is a gem for investors. It boasts 4 bedrooms, a spacious floor area of 160 sqm, and a generous land size of 931 sqm. The exterior is adorned with timeless Huntly brick, while the roof is solidly constructed with iron. Built in 1968, both the walls and roof are in good condition. The property's contour is level, and it includes 2 carparks. The government's capital value has seen an impressive increase from $570,000 in September 2018 to $1,030,000 in September 2021, showcasing a growth rate of 80.71%. The HouGarden AVM estimates the property's value at $990,000. Notably, the latest sale history includes a transaction in 2007 for $370,000 and another in 1992 for $157,000.

For families, the property falls within the catchment area of several esteemed schools. Peachgrove Intermediate has a decile rating of 5, Marian Catholic School is a full primary with a decile rating of 7, and Hillcrest High School, a secondary school, is also rated 7. Silverdale Normal School has a decile rating of 4, Berkley Normal Middle School stands at 8, and Hillcrest Normal School at 8. This makes the property an excellent choice for those considering a sound education for their children.

Currently generating a combined rental income of $950 per week, the property is equipped with heat pumps, insulation, and healthy homes certification. Its prime location, close to the university and the highly sought-after Hillcrest Schooling options, adds to its allure. This is an investment that promises better than market returns and future growth potential.

Updated on October 29, 2024