Hataitai
Wellington East

ID#250674

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Property Details

Location:
Bedrooms
Bathrooms
Garages
Wellington East
Wellington
52N/A

Building
Land
Built In
175 m²
(1883 sq.ft.)
417 m²
(4,487 sq.ft.)
1920

HATAITAI - CHARACTER HOME & INCOME OR INVESTMENT

Do you demand traditional real estate, built using tried and true construction methods?

Are you looking for a superior location with fantastic views?

Do you want a solid home in a great neighbourhood, something with a twist, where you can add your own touches and have a large chunk of your mortgage paid for by the flat downstairs?

This wonderful property demands your attention NOW!!

Check out everything that is on offer:

ORIGINAL HOUSE UPSTAIRS:
* 3 bedroom home (or 2 bedrooms with 2 living rooms) with character features largely intact
* Very tidy as is, but it would respond beautifully to renovations when your budget permits
* Open plan kitchen / living with access to generous deck and fantastic sea views
* Excellent morning and day-time sun
* Potential for drive-on parking (subject to council consent)
* Near new roof and recently painted
* Potential for additional landscaping improvements to create further outdoor living
* Ideal as a home
* Would rent for circa $480pw (TBC)

SELF-CONTAINED FLAT DOWNSTAIRS:
* Built from scratch circa 10 years ago
* All double glazed & insulated - nice and warm!
* All in excellent condition
* Good flow onto generous deck with fantastic sea views
* Sea views and access to deck from every room - living room and both bedrooms
* Currently rented for $340 on a periodic tenancy
* Market rent circa $360-380pw (TBC)

INVESTORS:
This is a fantastic combination of brilliantly located, double income, well maintained, traditional free-standing real estate. You will attract good quality tenants due to the character, condition and views, and enjoy sound capital growth from good quality real estate.

HOME BUYERS:
If you thought you could not afford to buy in a superior location with great views, THINK AGAIN! The current rent of $340pw from the downstairs flat, will pay the interest on $272,000 of your mortgage, assuming interest of 6.5%. This makes this home VERY affordable indeed! Why spend $350k - $400k and get a very ordinary home in an inferior location, that you will want to move out of in a few short years, when you can buy an attractive house in a very desirable location with stunning views, that you can hold as a long term investment for your retirement fund???

Properties meeting all these characteristics are presented rarely, so view immediately to avoid disappointment!

Keywords


Home & Income
Self-Contained Flat
Investment
Sea views
2 Living areas
Character

Tender Details

Location: Offices of Langford Law, 120 Featherston St, Wgton City
Time: Thursday 8th September - 3:00pm

Location Map

Points Of Interest


12 Recreation points of interest nearby Recreation (12)9 General points of interest nearby General (9)7 Scenic points of interest nearby Scenic (7)6 Public points of interest nearby Public (6)

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Sales Consultants

Adam Cockburn


Century 21 Wellington, Main Realty Ltd
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: +64 21 409 637
Mobile: +64 21 409 637
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http://www.century21.co.nz/wellington/real-estate-agents/adam-cockburn/

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