HIGH OCCUPANCY RENTAL WITH POTENTIAL 7.3% GROSS YIELD

Listing Number:  2620
Posting Date:  12 June 2015






 
Price:$302,420
Listing:HIGH OCCUPANCY RENTAL WITH POTENTIAL 7.3% GROSS YIELD
Type:House
Category:Private Sale
Bedrooms:3
Bathrooms:1
Region:Canterbury
Site Area:93 m2
Address: Login
Building Area:422 m2
Property Image

Description:

Three bedroom standalone properties in this price range are very sought after in Christchurch due to the housing demand.
Enjoy high occupancy from tenants.
The gross yield and price represent great buying for the city.

Additional Information
The house is fully insured and has had all earthquake repairs completed as well as a new modern kitchen, new carpet and a heat pump installed.

The bedrooms are all doubles and are well proportioned with good windows and views to the garden. Two bedrooms and the bathroom are accessed off the hallway running from the main side entrance to the house. A good sized, separate laundry is accessed via the backdoor from the car parking area. The kitchen flows into a dining space and lounge and one of the bedrooms is accessed off the lounge. The lounge has doors leading out onto the garden. This house gets good sun, is light, airy and very comfortable. Storage is good with a hall cupboard and inbuilt wardrobes in two of the bedrooms.

The garden is enclosed and there is off street parking and a single garage. This is a weatherboard home with a tiled roof on freehold land. The driveway acts as a right of way to the property at 46a Torlesse Street.

No work to be done here therefore an investment you can set and forget, while the exciting development of inner city Christchurch and the repair of the suburbs takes place.

Recent Sales of Similar Properties
3 Braemar Place, Avonside, Christchurch $312,500
36 Dunarnan St, Avonside, Christchurch $280,000
134 Kerrs Rd, Avonside, Christchurch $343,000

Amenities
This part of the city is only 11 minutes drive to Cathedral Square and is in the zone for secondary schools such as Avonside Girl's High School, Shirley Boy's High School, Marion College, Christ College and Linwood High School.

Torlesse Street is a nice quiet street. The land is in a pocket of Avonside that is green zone and technical category 2 therefore has not experienced damage like other areas in Avonside.

The suburb offers affordable investments with yield that can be expected to lift as houses and roads continue to be repaired and the inner city develops.

If you are interested in this property please contact:
Maree Tassell, Property Finder - Rotorua (Licensed Salesperson REAA 2008)
maree@ifindproperty.co.nz or 027 486 6146


Additional Documents:

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Description: Rates File - 46 Torlesse Street, Avonside, Christchurch
File Size: 93 Kilobytes
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Description: Zoodle Report - 46 Torlesse Street, Avonside, Christchurch
File Size: 740 Kilobytes