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