|We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.
- Nikki Barrett
Auckland - Investment Property With Potential
This House Has It All. Privacy, Size, Outlook, Views, Pool. Just Add Elbow Grease!
Perfect investment . Either live in and do up for the larger family or tidy up and push the rent up.
Currently rented for $630pw, with the upstairs tenant sub letting downstairs for $250 pw.
(Downstairs is not legally a separate dwelling).
Do your sums, this property could get $350 downstairs and $500 upstairs. Just a little bit
of work could get this investment pumping.
$800-$850pw, do your sums.
That's a potential 6.8% Yield ! in the New Ponsonby!
This large family home is crying out for an extreme makeover to bring it back to its glory
days. Well designed to accommodate big families offering 5/6 bedrooms, 2 bathrooms,
open plan kitchen, dining and sun room with door that opens out to the back yard backing
onto Mangere mountains what a great way to go for morning walk and exercise.
Well situated down the ROW.
The location is very handy, only a couple of minutes to Mangere Bridge shopping centre,
schools, parks, public transport and lovely walking trails around Mangere Bridge waterfront.
Recent registered Valuation Available at $675,000
Mangere Bridge is the "New Ponsonby." Check out the herald article.
WOW. Check out the recent sale at 42 Mountain road at $792,000
NB: This home is rented, so please do not go onto the property, unless we arrange a time.
For more information please contact Garth on 021 636 212.
|$38,000 at 50% Trade||$320,000 at 25% Trade||$140,000|