


Listing Description
6.1%–10% Yield Steps from Waikato University
4/240 Old Farm Road, Hillcrest, Hamilton, Waikato
Details
| Attribute | Value |
|---|---|
| Property type | Unit |
| Parking | 1 Parking Space |
| Smoke alarm | No |
| Agency reference | 17839 |
| Broadband in the area |
Description
The Ultimate Parental & Investor Play
Stop paying your landlord’s mortgage and start building equity in Hamilton’s most strategic investment pocket. Positioned in a "Red Zoned" area where new development is restricted, these units represent a rare opportunity to own a high-performance asset with protected supply.
By the Numbers: Proven Performance
We don't just guess on returns; we have the data from this exact complex:
- The Long-Term Hold: Unit 4 was recently tenanted at $680 per week, delivering a solid 6.1% gross yield at the $569,000 price point.
- The Airbnb Advantage: Units 5 and 6 have been performing as short-term rentals. Between January and March, Unit 5 averaged $1,043 per week (9% yield), while Unit 6 reached $1,177 per week (10% yield).
- Scalability: While Unit 4 is ready for immediate possession, other units available for those looking to secure a dual-asset portfolio.
Strategic Location & Future Proofing
If you are a parent with children heading to University, this is the ultimate "safety and savings" move. It is a short, secure walk to campus, saving on transport and rent while you gain from Hamilton's capital growth.
- Education Hub: Overlooking Waikato University grounds with the new Medical College planned for 2028.
- Economic Driver: Minutes from the Ruakura Superhub and Innovation Precinct.
- Low Maintenance: Built by Assured Property with durable brick and aluminium—designed to perform, not to drain your weekends.
Don’t settle for average returns. Whether you’re looking for a high-yield Airbnb, a steady rental, or a smart home for your kids, these units are the most logical buy in Hillcrest.
Contact Kirn Parmar today for a straight-talking breakdown of the numbers.
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Property Files

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Local Schools
IN ZONE Knighton Road
1.3 km
Contributing (Primary), State, 665 enrolled
IN ZONE 72 Peachgrove Road
1.5 km
Intermediate (Intermediate), State, 538 enrolled
IN ZONE Peachgrove Road
1.8 km
Secondary (Year 9-13) (Secondary), State, 2328 enrolled
While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.
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