Tidy Home or 7% Investment?

Situated in a good area, schools and sports grounds are nearby and its within walking distance to the Gonville Shopping Centre which includes a supermarket, medical centre and library. Very close to St. Anthony’s and St. Augustine’s, also easy walking distance to St. Marcelin’s, Tawhero and Gonville schools. Rutherford very near by and High School not much further.

Basing this on the Owners asking price of $329,000 and the independent Property Managers appraisal of $450 per week, this comes in at a tidy return of around 7% gross. I don’t know of a bank where i can get that do you?

This two bedroom home is big on space. There are two living areas so potential here to convert one living area into a third bedroom, as a rental this would increase rental income substantially.

Some re-decorating has been recently done with new carpet and vinyl flooring and the bathroom. The kitchen is very tidy and functional and the conservatory at the front of this home is the perfect spot to relax in the sun.

There is also the convenience of off street parking and a very large single garage.

Thinking of investing as a rental property, current appraisal from an independent Property Manager says $370.00 to $450.00 per week if the other bedroom is added.

There are no open homes, so book your viewing time.