8.8% Potential Gross Yield & Potentially Subdividable

8 Fairview Road, Western Heights
Price: $170,350

Tidy Brick Home on Large Freehold Section. Potentially Subdividable (subject to RDC approval). 8.8% Potential Gross Yield. House located towards front of section.

New carpet and flooring. Across the road from (zoned) Western Heights High School. All other schooling nearby as well. Additional Information: With "good bones" and in a great rental location, this property is a fantastic opportunity for those of you who are land lovers. Built in the 1950's the construction is brick with an iron roof. There are three double bedrooms, with an open-plan kitchen/dining/lounge area. The bathroom consists of a shower over the bath. Toilet and laundry are both separate. Separate large single garage and workshop.

Improvements: There is a newish deck which is north-facing and flows off from the lounge. Sitting on here you can enjoy the view of Mt Ngongotaha. Inside there is new carpeting and lino. To add value and achieve maximum rental return we would recommend painting the internal walls a neutral colour and replacing the bathroom vanity. Development Opportunity: There is a good sized "front lawn" in front of the deck which is north of the dwelling. Adding a fence around the perimeter of the front would create privacy and be attractive for tenant families. It would also allow for separate outdoor living spaces if the back of the section was developed. As you will see from the aerial photo below, the adjacent property at number 6 Fairview Road has been developed and subdivided into two titles. Amenities: Location wise it doesn't get much better than this for rental properties in Rotorua. Across the road is the popular Western Heights High School; Rotorua's only zoned High School. Walk through the high school and Selwyn Heights Primary School is across the road from that on Old Quarry Road, and very nearby in Bell Road is Kaitao Intermediate.

A short walk away is the Western Heights Shopping Centre, which has a good selection of shops, a pharmacy and a medical centre. The CBD is not too far away either - approximately a five minute drive, although good public transport is also available. If you are interested in this property please contact: Maree Tassell Buyers Agent - Auckland & Rotorua (Licensed Salesperson - REAA 2008) maree@ifindproperty.co.nz or 027 486 6146

Property Summary
Rooms:3 bedrooms, 1 bathrooms, 1 car garage
Area:House area: 90 sq. m, Land area: 1100 sq. m
Government valuation:$170,000
Rates:$2,009 per year
Rent:Currently tenanted, $235 rental per week
Gross Yield:9%
Potential:Subdivision potential
Web site:Click here »
Property ID:1103
Seller Details
Name: Maree Tassell
Company: I Find Property
Email: Contact the seller »
Website: www.ifindproperty.co.nz
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