7.6% GROSS RENTAL RETURN

Listing Number:  136
Posting Date:  02 August 2007






 
Price:$152,000
Listing:7.6% GROSS RENTAL RETURN
Type:House
Category:Assignment
Bedrooms:5
Bathrooms:1
Region:Southland
Site Area:541 m2
Address: Login
Building Area:150 m2

Description:

5 bedroom house within walking distance of South City Shops and a short drive to city centre.

Purchase Price $152,000 (incl finders fee)

Current tenants paying $205/week and are moving out, so there is an opportunity to charge your new tenants full market rent up to $220/week (rental appraisal will be coming soon)

Rates $1,242.90
GV 2005 $95,000

The house was built in 1914/1929 and is situated on Freehold 541m2 section

The house is tidy but could do with a little bit of landscaping to match the neighbouring houses.

Last day for assignment 20.08.07

Settlement 24.09.07 with early access to tidy up and find tenants.

Comparable sales:
72 Janet Street $159,000 19/03/2007 120m2
10 Selwyn Street $160,000 18/05/2007 120m2
57 Elizabeth Street $165,000 09/05/2007 110m2