Features
- Self-Contained Flat
- Double Garage
- 2 Living areas
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ID#356977
Crofton Downs
Wellington North
Tender
7
4
2
Approx
180m²
(≈1,937.5 sq.ft.)
Approx
617m²
(≈6,641.33 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
TWO BIG FLATS - MASSIVE CASHFLOW - LOW MAINTENANCE
Some properties just scream "PURE INVESTMENT" at you.
If you are thinking property investment, there are several things to consider:
* HIGH DEMAND LOCATION - so you don't lie awake at night, when it falls vacant, wondering when new tenants will sign up and start paying the rent
* STRONG INCOME - to make sure your cashflow is good, enabling you to hold on to the property during good times and bad
* LOW MAINTENANCE - so your net return is healthy and your time isn't eaten up with maintenance work
* LOW EFFORT - to make sure your time isn't wasted on the small stuff, freeing you up to do what you want to do
* FEE SIMPLE - so you are in control of your real estate asset
* MULTI-INCOME - to make sure the chance of nil income is minimised
TOP FLAT
* 4 double bedrooms
* 2 bathrooms
* New carpet
* Separate laundry
* Open plan kitchen / living
* Ventilation system
* Currently vacant
* Appraised at $500-525pw
BOTTOM FLAT
* 3 double bedrooms
* 2 bathrooms
* Recently refreshed inc new carpet
* Separate laundry
* Open plan kitchen / living
* Ventilation system
* Currently vacant
* Appraised at $400-425pw
PARKING:
* 2 x single garages
* Off street park in front of each garage
Total Appraised Rent: $900-950pw
Rates: $2,955.05pa
2015 RV: $570,000
With schools, trains, supermarket, cafe, town belt all nearby, there is plenty on offer here for you and your tenants.
Money is cheap, and the rental market remains strong.
Contact Adam today and be ready to take one step closer to retirement!
Keywords
Property Type
- Investment
- Cashflow
- Two Flats
- Investment
Agent
Adam Cockburn
Lowe & Co Realty
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Hi, my name is Adam.
I love Wellington real estate! I caught the bug after reading a Dolf De Roos book in 1998, and bought my first property in Adam's Terrace, Aro Valley, just before I headed off to London for a number of years. I kept buying property, mainly in London and Auckland, whilst living in the UK, returned back to Wellington in 2005, and have been selling Wellington real estate since 2007. Having started out in sales during the biggest recession since the 1930s, this means that I have had to develop good habits from the start, to make sure I deliver the best service, and achieve the best results, for my clients when they want to sell their Wellington real estate.
I have lived in many different neighbourhoods, including Wadestown, Kelburn, Ngaio, Thorndon, Highbury, Rongotai, Miramar and Seatoun. Wellington is a great city and we should be proud of it. It is vibrant and alive, it is the cultural and coffee capital of the country, it is beautiful whilst also being an easy city to live in, due to it's compact nature.
So if you are looking to buy or sell Wellington real estate, give me a call. I will follow up every lead and turn over every stone, to make sure we achieve the best results possible together.
I look forward to working with you.
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