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Water Wins in Hamilton

4th Apr 18

When you think of a home in Hamilton city, what features would you think are the most sought after?

  • A property that is a short commute to work?
  • A home that is located in a good school zone?
  • One that’s handy to public transport?

Agree?  Well, you’d be wrong!

Apparently, the feature that is most sought after and one that demands consistently high prices is …. A water view!

Whether it’s panoramic views of Hamilton Lake or being able to see and easily access the Waikato river, those properties are the ones that are the most sought after and they also manage to obtain the highest prices.

Estimates provided by homes.co.nz provide the following facts to back this up:

  • Kotahi Avenue, Beerescourt has a median house price of $1,410,400
  • River Oaks Place, Pukete has a median of $1,224,877
  • Durham Heights, Flagstaff comes in at $1,136,549
  • San Clemento Way, Rototuna clocks in a median value of $1,065,209
  • Karl Michael Crescent, Flagstaff has a median house price of $1,057,791

Keep in mind, the average value of a house in Hamilton is $548,417.

Of course, there is always going to be a debate about what features combine to create the best location for those water views - Is it Hamilton East, riverside in the CBD or even heading out to Rototuna or Flagstaff?

Any way you look at it, if you can see the river or the Lake, it’s a winner!

To read more about Hamilton's desire for water views, click here to read more of the Stuff article written by Colleen Hawkes and Anabela Rea.

 

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Filed under Hamilton / Waikato \ Real Estate

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