Do Student Rentals Make Money?
They do indeed. Jump at this opportunity to own a 2020-built, high-quality townhouse with a 10-year Building Guarantee. This property features three generous bedrooms, three bathrooms (include two ensuites), four toilets, and a single garage. It has a favourable design for families or tenants to enjoy their privacy, and investors are likely to get better rental returns. A recent rental appraisal puts the return between $585 - $610 per week. It's compliant with all the new Healthy Homes standards as well as being kept warm and quiet with double glazing and a large heat-pump.
Having good street appeal and outstanding finishing these townhouses are fully landscaped and decorated in neutral tones. The spacious layout is built with a high spec finish that includes, stone benchtop, quality appliances, and tiled showers in all bathrooms. All three bedrooms are lockable, there is a big walk-in pantry, gas cooking and hot water, electronic keyless entry, and a single internal access garage (carpeted). This townhouse is located at the end of the block, well off the road providing it with more peace and privacy and allowing for an extra off-street carpark.
Located just a short walk to the Waikato University, a short drive to Hamilton CBD and within the Hamilton Girls & Boys High School zone, these units offer a great investment opportunity or to become a perfect family home.
As this townhouse is now empty, you won't need to worry about the new 90-day notice period. You have the perfect opportunity to select your own great tenants or move in your own kids just in time for uni to start. If you've spent 2021 trying to find the perfect Hamilton East townhouse, snap this up before it's gone!
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