HIGH RETURNING HOUSE IN FLATS, WITH FURTHER POTENTIAL

Listing Number:  1010
Posting Date:  14 May 2008






 
Price:$360,000
Listing:HIGH RETURNING HOUSE IN FLATS, WITH FURTHER POTENTIAL
Type:House
Category:Private Sale
Bedrooms:5
Bathrooms:2
Region:West Coast
Site Area:180 m2
Address: Login
Building Area:733 m2
Property Image

Description:

Home and income (or two income).

3 bedroom house with attached 2 bedroom flat. Currently returning $335 for the 3 bedroom and $200 for the two. The 2 bedroom is currently advertised for rent at $219.

The house is on 733m2 of L3 land and i have resource consent granted and quote to build a 1 bedroom apartment style cottage on the back, which will rent for $250- $270 per week (as per Braziers Property Management who currently manage the property).

The 3 bedroom has been majorly renovated last year with new kitchen, bathroom, much of the wall lining, carpet, lino, paint, deck, asphalt, fencing, pellet fire, insulation.....

The 2 bedroom is tidy (was painted about 2 years ago) and is perfectly rentable as is, or with a good reno could fetch up to $280.

There is heaps of off street parking for all units including the 3rd if you go down that path.

I have a registered valuation on the way of around $400,000

Asking price $360,000

This is an awesome yield for a property in central Christchurch!

More photos, site plan, building quote and RC available on request