29 and 29a Deanwell Avenue Money Maker

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  • ### 29 and 29a Deanwell Bifold.pdf

Property Description

Positioned for strong returns and long-term growth, this dual-home property represents an astute investment in one of Hamilton's most convenient locations.

Combining the enduring solidity of a 1970s split-stone and weatherboard residence with the versatility of a newly completed second dwelling in 2023, it provides multiple income options, multi-generational living flexibility, or the opportunity to live in one and rent the other. A property that balances character with investment potential, it will appeal equally to investors and owner-occupiers seeking financial leverage and lifestyle freedom.

The original home retains a timeless sense of scale and warmth, anchored by a generous open-plan living area that creates a relaxed environment for family connection. The refreshed kitchen is well-appointed with generous storage, and a versatile breakfast bar. The light-filled lounge opens to a sheltered deck designed for year-round enjoyment, while the fully fenced front yard extends the living outdoors, ideal for gatherings, gardening, or play.

Downstairs features three bedrooms, a functional family bathroom, and laundry facilities, while upstairs hosts the primary suite, jack and jill ensuite and an additional bedroom, a layout that lends itself to privacy and adaptability for families or tenants alike.

The secondary dwelling, completed in 2023, offers a refined modern living experience. With two bedrooms, bathroom, and an expansive open-plan design incorporating a sleek kitchen and breakfast bar, it's perfectly configured for guest accommodation, extended family, or as a rental. The independent positioning of both homes ensures privacy and flexibility for dual occupancy or separate tenancies.

With ample off-street parking and a recent rental appraisal indicating a combined return of approximately $1,270 per week, this property presents a compelling investment proposition with strong cash flow potential. Its blend of low-maintenance design and income diversity makes it a rare find in today's competitive market.

Set within easy reach of essential amenities, the property enjoys walking proximity to Deanwell Primary School, convenient access to public transport and local shops, and a quick drive to Waikato Hospital, Lake Rotoroa, and Hamilton's CBD. The location supports both lifestyle appeal and enduring tenant demand.

For those seeking a dual-income opportunity or a residence with built-in financial flexibility in close proximity to Waikato Hospital, this property stands out as a sound, future-proof investment where character, practicality, and profitability align.

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Contact Ray Mitchell and Christine Willis

MONARCH REAL ESTATE LTD

Licensed REAA 2008

021990413   0275512734   ray.mitchell@harcourts.co.nz   All Listings

Ray Mitchell, Christine Willis and their team bring incredible momentum to the real estate industry, proudly standing among New Zealand’s leading real estate consultants.

We’re one of the top-performing teams for a reason. With a dedicated team of 8, we’re among the largest and most successful groups in the country, built on a foundation of integrity, transparency, and an unwavering commitment to client care.

Our reputation has been shaped by consistent results, repeat business, and the trust of clients who continue to refer friends and family to us year after year. Ray, Christine, and their award-winning team are driven by proven processes, a passion for exceeding expectations, and an ever-expanding network of satisfied clients.
From the moment you list with us through to settlement, we are fully invested in delivering an exceptional client experience. Selling your home is one of the biggest decisions you’ll make — choose a team who are fully committed to achieving the best possible outcome for you.