Potential 7.1% GY in Strong Wellington Region

2/46 Wood Street, Wainuiomata, Lower Hutt
Price: $261,500

Recently fully renovated.

Crosslease 1 bedroom unit available for those of us looking for a very low stress, "turnkey" type of investment.

$261,500 purchase price

Rental appraisal showing a potential 7.1 % GY

Fully renovated (new kitchen, new appliances, new bathroom fixtures, fully painted, new flooring throughout)

1 bedroom, 1 bathroom in a quiet street in Wainuiomata

Very low maintenance inside and outside (Tidy, red brick exterior, newly renovated interior)

Cashflow positive on I/O loan with 100% borrowing

Easy vacant possession - ready for a tenant from day one

Quiet street with rural outlook, buses past gate and shops nearby

In some circles the smaller 1-2 bedroom units are seen as the "golden long term future" of investing, given our ageing population, desire for smaller living spaces, and the fact that an increasing number of kiwi's like to live only in a single or double person occupancy.

We can recommend some fantastic local property managers for you to choose from, so this unit becomes an easy, total package, ready from day one, set and forget option, for many years to come.

If this interests you, your finance is pre-approved (or ready to go) and you want to purchase before the year is out, please contact Kelly today.

Property Summary
Rooms:1 bedrooms, 1 bathrooms
Area:House area: 50 sq. m
Government valuation:$150,000
Rates:$1,596 per year
Rent:$380 rental per week
Gross Yield:7%
Property ID:1989
Seller Details
Name: Kelly Lowe
Company: I Find Property
Mobile: 027 518 2448
Email: Contact the seller »
Website: www.ifindproperty.co.nz
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