LEGAL HOME AND INCOME, 10% OFF GV AND AT LEAST 8% RETURN

Listing Number:  900
Posting Date:  18 March 2008






 
Price:$410K
Listing:LEGAL HOME AND INCOME, 10% OFF GV AND AT LEAST 8% RETURN
Type:Home and Income
Category:Private Sale
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area:200 m2
Address: Login
Building Area:619 m2
Property Image

Description:

Legal home and income in west harbour area, 3 bedroom upstair with internal access to super sized garage and two bedroom downstairs, separate entry, power meter and telephone. Also they have separate back garden which is a bonus

Deal Details:
1. Market value: mid 400K
2. Government valuation: 445K as at Sep 2007
3. Rent:
a: standard rent
360 per week upstairs and 260 per week downstairs
b: room by room rental
around 700 per week, I have a property manager who is specialised in room by room rentals and he has a few himselves.
which wil give us a 8.88% return.

4. Renovation to add value: house is in good condition, can rent as it is if you wish to, however, spend 5K to paint inside and make it more attactive to tenants.

5. Location: close to west gate shopping centre, west gate isa growing area with shops and other entertainments.