HUGE OPPORTUNITY FOR SMART THINKING CASHED UP INVESTOR/RENOVATOR

Listing Number:  2692
Posting Date:  08 January 2016






 
Price:$320,000
Listing:HUGE OPPORTUNITY FOR SMART THINKING CASHED UP INVESTOR/RENOVATOR
Type:Unit/Flat : Do-Up
Category:Purchase Option
Bedrooms:3
Bathrooms:1
Region:Auckland
Site Area:80 m2
Address: Login
Building Area: 
Property Image

Description:

This property contains all the indicators that show a “deal” The vendor’s are highly motivated, they are seeking a sale “NOW”. This property is a must for cashed up investors wanting to hold an Auckland property at around 7% gross (or may be better!!) or renovators who know their trade and not afraid of taking on a project.

This 3 bedroom 90 m2 (approx.) house is situated in booming Takanini and with a large development of new houses taking place next door, which will possibly assist with house values for some time into the future.

It’s only a short drive to the motorway interchange, and day cares, schools, and the Sikh Temple are all close by.
The vendor has lived in the property up until recently, they have installed a heat pump and replaced the carpet and repainted the inside of the house. The easy care cross lease section is very tidy with well planted low maintenance shrubs.
The section is fully fenced with a separate partially enclosed carport.

Unfortunately the house is cladded in polystyrene so a trader would most likely need to reclad to achieve maximum returns if he was intending to return the property back to the market. Reclad the property would have instant appeal to both investors and home buyer requiring bank finance.
Traders and renovators should seriously consider this property as the vendor’s are very realistic, and prepared to meet the market.