HOME AND INCOME IN OREWA

Listing Number:  1684
Posting Date:  30 November 2009






 
Price:$459,000
Listing:HOME AND INCOME IN OREWA
Type:Home and Income
Category:Assignment
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area:140 m2
Address: Login
Building Area:550 m2
Property Image

Description:

The property consists of a fenced 3 bedroom dwelling with a single lock-up garage which is attached to a 2 bedroom unit at the rear with it's own driveway, deck and OSP, situated on a level road-front site of 550m2 in central Orewa within walking distance of the park, schools, shops, bus route, estuary and beach

The front house (1950's) has been thoroughly modernised and is presented in top order (currently owner-occupied), and has a rental appraisal of $380pw

The rear unit is also presented in good order and is tenanted at $260pw (periodic tenancy)

The figures:

Purchase Price $459k plus $6k finders fee

Rental Appraisal $640pw (approx 7.2% gross return) copy enclosed.

Registered Valuation Nov 08 $520k (update has been requested)

Rating Valuation $405k (Sept 07)

Home and Income properties in Orewa seldom come on the market and certainly are not available at this price and level of return.

For more details on assignment process please call John 021 808 699

For notification on my new listings please send email to jthornton@xtra.co.nz with "subscribe" in the subject line.


Additional Documents:

Click to Download
Description: S&P 52 Doment
File Size: 1.12 Megabytes
Click to Download
Description: Rental Appraisal
File Size: 93 Kilobytes
Click to Download
Description: Nov 08 RV
File Size: 68 Kilobytes