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  1. #1
    Join Date
    Sep 2015
    Location
    Auckland
    Posts
    26

    Default Rental Property in Nawton Hamilton

    Hi Im looking to buy an investment property in Nawton Hamilton. I am looking at 3 bedroom freehold home with double garage. Land area around 500 sq meter. How much is the reasonable price for this sort of property in Nawton Area at the moment. What is the average rent for not recently renovated but good condition property.

    Can any one also advise on decent property managers in Hamilton as Im from Auckland and do not know the area well.

    Thanks in advance.
    Josh

  2. #2
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    Kjoshi trademe will give you a good general idea. NAwton for investment between 250 and 300K. Rents high 3's to mid 4's. A local investor will hopefully suggest a PM. Nawton not a great part of Hamilton, what is the attraction for you?

  3. #3
    Join Date
    Sep 2015
    Location
    Auckland
    Posts
    26

    Default

    Thanks Damap. I think there is lot of potential in Nawton. It has working class people. Near by motorway and The base. Property prices are still not that high vs rent. Also I see people in hamilton dont pay higher rents for pricey properties

  4. #4
    Join Date
    Mar 2015
    Posts
    264

    Default

    Nawton & bader have poor socio economics. Unless you get a great deal stay away.

  5. #5
    Join Date
    Sep 2015
    Location
    Auckland
    Posts
    26

    Default

    Quote Originally Posted by rocket View Post
    Nawton & bader have poor socio economics. Unless you get a great deal stay away.
    Hi Rocket what areas you suggest. Is 320k for 3 bed free hold good deal for 320/week rent.

  6. #6
    Join Date
    Mar 2015
    Posts
    264

    Default

    Hamilton is very hot at the moment & vendors may ask anything. .. I think with that sort of a rent it should be around $250-260k.
    Look for ways in which you can add value.

  7. #7
    Join Date
    Sep 2015
    Location
    Auckland
    Posts
    26

    Default

    Thanks for the insight. What would be the best area for 500k budjet with decent yield in Hamilton.

  8. #8
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    Is 320k for 3 bed free hold good deal for 320/week rent.
    No that is a very bad deal.

  9. #9
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    476

    Default

    Quote Originally Posted by Damap View Post
    No that is a very bad deal.
    I tend to agree

  10. #10
    Join Date
    Sep 2015
    Location
    Auckland
    Posts
    26

    Default

    How about cross leased 3 bed shared drive way for 290k and 320/week. Is it sounds reasonable.


 

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