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ID#293609
Island Bay
Wellington South
Tender
5
2
1
150m²
(1,614.59 sq.ft.)
599m²
(6,447.58 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Affordable Home & Income in Island Bay - RV $510,000
If you want to get into a traditional home in a premium suburb, but everything just seems out of reach financially, you need to see 126 Eden St. If you are looking for an affordable first home, with loads of bedrooms (not to mention a self contained flat below) to rent out and help with the mortgage, you should come and see 126 Eden St. If you want something liveable right now, yet with plenty of potential for adding value, you gotta take a look at 126 Eden St. Or if you just want to invest in a home & income in a desirable suburb, then check out 126 Eden St!
Super close to all Island Bay shops, supermarket, butcher, cafes and cinema, with great views of the sea, there is tons on offer here...
Main House Upstairs:
* 4 bedrooms plus an office (has been used as a 5 bed rental)
* Previously rented for $600pw
* Freshly painted
* Generous eat in kitchen / diner
* Spacious separate lounge with fantastic views of Island Bay and the sea
* Deck with excellent morning sun and views
* Rear courtyard for BBQs
* Family bathroom plus separate toilet
* Potential to create garaging
Self Contained Flat Downstairs:
* 1 bedroom plus open plan modern kitchen / living
* Rented for $270pw until early 2014
* At 6% mortgage interest rate, this rent will pay the interest on $234,000 of your mortgage. This makes this property SOOO affordable!!
* Flat lawn
FIRST HOME BUYERS: If you rent out a few bedrooms in the main house, and keep renting the downstairs flat, you could probably end up living in this property for FREE. Even if you keep the whole main house for yourself and your partner, and rent out the downstairs flat, you have an extremely affordable home in a great suburb.
INVESTORS: with potential rent of up to $870pw, in an excellent suburb, this is a great opportunity to take advantage of low interest rates and get yourself into a cashflow positive property.
Contact me (Adam) today and come check it out for yourself.
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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