17 Frederick Drive, Dinsdale, Hamilton

6% return, two houses on one title

An ideal investment, two easy-care homes on a generous 817sqm freehold site (more or less), currently returning $720 a week in rent producing a 5.95% return on a $629,000 purchase price. Additionally, the larger home has potential for a substantial rent improvement, with an appraisal between $530 - $550 per week, producing a possible 6.5% return on the current asking price - a lot better than the bank!
Additionally, this property is perfectly suited to extended families seeking accommodation options or those looking to live in one dwelling and rent or Air BnB the other. Privately positioned on a quiet street, ideally located for access to the CBD, key arterial routes and in zone for excellent schooling.
The front dwelling presents the original 210sqm (more or less) home, clad mostly in low-maintenance brick. Once through the front door of this generous family home, you're greeted by a well appointed kitchen, socially positioned to face a dedicated dining room and generous open plan living. Accommodation is taken care of with four bedrooms in the main residence, complimented by two tidy bathrooms, while two heat pumps ensure you'll be warm all year-round.
The ancillary dwelling is signed off by Hamilton City Council. This 35sqm (more or less) separate home has been effectively and thoughtfully laid out. Its position is warm and sunny, with a studio-style living/bedroom arrangement, complimented by a full kitchen and bathroom. Currently tenanted, this is the perfect retreat for guests, extended family, or an additional rental income.
Practically, the property offers a generous internal access garage, excellent storage, easy care section with additional garden shedding and plenty of off street parking.
In regards to location, it doesn't get any better than this. In zone for excellent schooling, a five minute drive to key amenities and major supermarkets, while access to key arterial routes North is convenient.
Opportunities to own two dwellings on one title, on a quiet street in great school zones are rare.