Hamilton has a good growth story, along with yield

Portal Cres

We recently secured this tidy first investment property in Hamilton for overseas-based clients.

Purchased for $560,000 the property is rented for $470 pw, delivering a yield of 4.36%

The four bedroom, two bathroom home has a floor area of 159m2. Tidy and well-maintained, it was ready to rent immediately.

 

A number of features made it an ideal purchase for first-time investors:

  • an established, well-regarded suburb
  • potential for good yield
  • low maintenance construction in good condition, and an easy-case section
  • good sun – north facing living with outdoor flows north and west
  • close to river walks, city centre, shopping, schools, bus routes and connecting routes – all of which make it more appealing to tenants and easier to let.

Published on Monday, December 5th, 2016, under Examples, Residential, Uncategorized

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