Investors & first home buyers looking for a bargain should look no further!! This is certainly not a silk purse, but it has been a bit of a gold mine!
Showing impressive returns of up to 8.4% in yield and being rented out at $635 per week, this character cottage has been divided into two separate, fully self-contained units, each with 100% occupancy by tenants for the past 9 years.
The main part of the house comprises a large kitchen and dining room, roomy living room with heat pump, bathroom and three double bedrooms. The adjoining separate apartment has its own kitchen, a bathroom and laundry combined and a living and sleeping area. Already pretty on the outside, keen home renovators will see the opportunity to add value with some interior decorating and a bit of "elbow grease". The house sits on a generous 513sqm section with a large paved parking area off street and lawns and gardens front and back.
Vacant and available now, this is an affordable opportunity. Live in one flat, get income from the other, or rent both out. Either way, our overseas owner is motivated to move on and wants this sold! Do not hesitate to view.
Please be aware that this information may have been sourced from RPNZ/LLUR/REINZ/Property Guru/Land Information New Zealand/Christchurch City Council/CERA and we have not been able to verify the accuracy of the same.
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