Located in a popular rental area in Morrinsville, this outstanding property consists of a recently renovated 4 bedroom home which is currently tenanted at $320.00 per week and an additional 3 bedroom home which has undergone an extensive renovation and refurbishment. This additional home has been appraised by an agent as having a rental return of $300.00 per week.
The homes have been seperated with new fencing and have a shared access driveway.
A large 4 bedroom, 1 bathroom home which was renovated and updated in early 2014.
This renovation included new curtains, carpet and floor tiling (dining room and bathroom) a complete interior paint and the installation of a new kitchen including appliances (dishwasher, stove and range hood)
The bathroom was fitted with a new shower, bath and vanity.
The master bedroom has a double wardrobe and features a pair of french doors which open on to the deck. Two of the other 3 bedrooms have single wardrobes.
The home also has an HRV system fitted and is fully insulated.
A 3 bedroom, 1 bathroom home which is in the final stages of its renovation.
The home has been completely redecorated and will include new carpet and vinyl and a new hot water cylinder.
All bedrooms have built in wardrobes.
Ceiling and wall insulation have also been installed.
Both properties have been completely re-wired and re-plumbed.
registered valuation @ $396,000
Based on this the property represents a very sound investment with an 8.1% Gross yield.
Vendors require an urgent sale due to illness and are open to all offers.
For futher details please phone 027-659-2679 or 0211605041.