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- Home & Income
- Self-Contained Flat
- 2 Living areas
- Find a Property
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ID#228738
Newtown
Wellington South
Auction
4
2
0
130m²
(1,399.31 sq.ft.)
336m²
(3,616.67 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
CONVENIENCE PLUS CHARACTER - HOME & INCOME OR INVESTMENT
FOR SALE BY AUCTION
12 NOON THURSDAY 19TH AUGUST
Stop looking!! I have found the perfect combination of character, potential and income.
This beauty brings together a rare combination of features... character, convenient location, good proportions, garden and income.
FIRST HOME BUYERS...
Yes - you can afford a character home in a sought after location. The downstairs flat is rented at $260pw, and this will service over $180,000 of your mortgage (assuming interest rate of 7.5%) which makes her a surprisingly affordable proposition.
INVESTORS...
Currently (slightly under rented in my view) earning $490pw up and $260pw down, this property is superbly located for tenants, close to buses, hospital, shopping and leisure activities, ensuring your property will have very low turnover, low vacancy, and high demand from good quality tenants.
It also could be possible to convert part of the lounge into a 4th bedroom upstairs, potentially producing an additional $100 - $150pw in rent.
RENOVATORS...
The character is intact, the bones appear good, so she is just waiting for your magic touch to bring out the best in her.
General features
* Excellent street appeal
* Located in a quiet cul-de-sac
* Pretty front garden and nice back yard
* Good views west across Newtown
* Character features largely intact
Upstairs main house or flat
* 3 generous double bedrooms
* Spacious hallway with character timber panelling
* Spacious kitchen, dining and lounge, flowing nicely to the deck
* Currently rented $490pw
* Market rent approx $510 - $540pw
* If a 4th bedroom was added, rent could increase to circa $600 - $640pw
Downstairs flat
* 1 good double bedroom
* Study or dressing room or guest room or similar
* Open plan kitchen / lounge
* Currently rented $260pw
* If bathroom was modernised the market rent would be circa $280pw
* Possible to convert to a 2 bed or maybe even 3 bed for extra income and equity
This is good quality, traditional kiwi real estate, in a fantastic location.
Call Adam for more information or to view.
Keywords
Property Type
- Character
- Investment
- First home
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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