BLOCKHOUSE BAY BONANZE $48K BELOW REGISTERED VALUATION

Listing Number:  275
Posting Date:  23 September 2007






 
Price:$442,000
Listing:BLOCKHOUSE BAY BONANZE $48K BELOW REGISTERED VALUATION
Type:Home and Income
Category:Private Sale
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area:750 m2
Address: Login
Building Area:200 m2
Property Image

Description:

Blockhouse bay is an excellent capital growth area and is well located to malls, schools, convenience shopping and public transport.

The area is predominantly owner occupier so rental demand in the area is very robust.

The house is very tidy and doesn’t need any renovation, the tenants are very good and have been there 18 months and would love to stay.

The valuation is yours for free should you purchase the property, the documents can be assigned to your name.



The House:

4 BDM upstairs with Kitchen, laundry, bathroom, toilet, decking.

1 BDM unit downstairs, bathroom, own entrance way, access to lockup garage. This unit could be made to be self contained by adding a kitchenette.



The numbers:

Rent $ 440 pweek (Rental appraisal $430 -$460)

Add the kitchen downstairs and the unit can be rented separately at $180 - $200 pweek

Total achievable rent $610 minimum

Registered Valuation $490’000.00 (August 07)

Purchase Price $442’000.00

7% Yield minimum in high capital growth area, got to be a no brainer.



This is an easy add value and rental opportunity for the new owner call me today to discuss.

Adrian 021 542 749