A Fantastic Starter or Great Investment.
Nestled in a quiet cul-de-sac, between Hatfields Beach and Orewa Beach, this character two-bedroom home presents a huge opportunity for a lucky purchaser.
For the investor:
Having recently been tenanted at $475 p/w, an updated rental appraisal has this property at $480 – $500 p/w, a solid investment return. If that’s not enough, the huge storage area beneath the house presents a huge opportunity to add value to strengthen the rental return and maximise capital gains.
For the first-home buyer:
This is the affordable entry-level property that you have been searching for! Be sure to visit the NZ Government website for a guide to government assistance with buying your first-home (eligibility criteria apply) – https://www.govt.nz/browse/housing-and-property/buying-or-selling-a-home/buying-your-first-home/
Property Features:
– Freehold cross-lease (1/2 share of 812 m2)
– Open plan kitchen/living with rimu flooring
– 2 x Bedrooms
– Spacious bathroom
– Single car garage
– Large laundry/storage under house (with potential!)
– Chattels include: Heatpump, stainless steel oven, water purifier & more
– CV $550,000
Auction Onsite: 1pm Saturday 6th October, 2018 (unless sold prior)
Documents available on request:
– Auction documents (Sale & Purchase Agreement)
– Title
– LIM
– Rental Appraisal
