YOU MUST CHECK THIS ONE OUT!

Listing Number:  703
Posting Date:  29 January 2008






 
Price:$550,000
Listing:YOU MUST CHECK THIS ONE OUT!
Type:House
Category:Private Sale
Bedrooms:6+
Bathrooms:2
Region:Wellington
Site Area:240 m2
Address: Login
Building Area:1118 m2
Property Image

Description:

$76,000 Equity on Day ONE with 7% Yield and only $5,000 deposit! Take a closer look at this 7 bedroom winner, just minutes from the Petone Train Station. An Amazing location bordering the Belmont Regional Park with fantastic harbor and bush views, this 240sqm house has plenty to offer the switched on investor. Currently rented out as two separate fully self contained units, meaning this has a very functional layout. Option to purchase all the furniture you see in the photos if you chose. This would be the perfect option to continue renting it out by the room, fully furnished making it all too easy! From the couch, TV and white ware, right down to cutlery and the vacuum cleaner! This property is a very rear beast and we do not expect it to be on our site for long, make a smart move and pick up the phone now!!

This is a very unique property consisting of 7 bedrooms plus a study. The layout is such that it can be rented out as two separate units. With the downstairs part having four bedrooms with its own kitchen, separate power, hot water and phone line. The top half of the house has been renovated being fully painted with new light fittings etc. The exterior cladding consists of weatherboard and Fiber Plank and Long run iron roofing. There are stacks of off street car parks, enough for 6 cars.

Currently the property is rented as two separate units, with four bedrooms rented on one tenancy downstairs and the three rooms upstairs rented individually. There is obviously the option to rent it out as one large house as well. The choice is yours. Downstairs flat is returning $320.00 per week and upstairs is returning $150.00 per room per week.