CASHCOW IN LOWER HUTT $100PW POSITIVE

Listing Number:  385
Posting Date:  16 October 2007






 
Price:$626,000
Listing:CASHCOW IN LOWER HUTT $100PW POSITIVE
Type:House
Category:Private Sale
Bedrooms:6+
Bathrooms:2
Region:Wellington
Site Area:506 m2
Address: Login
Building Area:170 m2
Property Image

Description:

This huge home in Central Lower Hutt is rented by the room and has 96% occupancy.

Located in a busy street in the industrial area of Lower Hutt, this tree lined oasis property is very appealing. It is very close to the Alicetown shops and buses, city, and has easy access to buses and shops. The house has a lot of character, but has very modern facilities and is in excellent condition.
There are six double bedrooms (three upstairs and three downstairs), a separate dining area, a large lounge, and two bathrooms.

Downstairs has a hallway which opens to the lounge, three bedrooms (all with polished wooden floors), dining through to kitchen, and bathroom. The lounge is large has a built in gas heater and gets a lot of sun. Two of the bedrooms are large double, the third is a small double, all with built in wardrobes. The dining area is tiled and has storage cupboards and stairs to the upstairs half of the house. There is good flow through to the kitchen, also tiled, which is very new, spacious and well appointed. The kitchen has cupboards containing the laundry area, and a nice outlook over the deck and back yard. The bathroom is spacious, modern and has a triangular shaped bath, heated towel rail, shower cubicle and toilet.
Upstairs are three double bedrooms, with built in wardrobes and plenty of sun. These are carpeted throughout. The upstairs bathroom is small, but modern and has a shower and toilet.
There is a large single or small double garage, with a driveway in front providing plenty of parking. There are French doors from the kitchen flowing out to a deck with enough space for a BBQ and chairs, and a large flat tree lined section.
Overall this is a very appealing large home that has been renovated to a very high standard.
I believe the indicative rental on room-by-room basis, we believe the indicative rental would be between $1000 and $1150.00 per week. Rooms currently rent from between $130 to $170 per week and both garage spaces for $80 per week (achieving $950 per week) with easy room for growth in summer to between $150 and $180 per week for each room (therefore achieving $1100 per week).