Flat Section- Ripe Opportunity

  • 528 Te Ngae Road, Owhata, Rotorua
  • 0 Beds
  • 0 Bath
  • 0


Waiting for your vision, this opportunity beckons you to bring your builder, or take on plans already commissioned by the vendor.

Located conveniently within walking distance to the Fresh Choice supermarket, the local shopping centre, local transport as well as schooling all the way from kindy to college. Also an easy 10 minutes' drive into town.

Title application with council.

Wastewater, electricity and broadband will be connected by settlement. Private access down side driveway.

The vendor has already looked in to estimates for building a 4 bedroom house.

- Section price - $340,000

- Build cost - $350,000

- Rental Appraisal for 4 bedroom house with garage- $680- $700pw

- Gross Yield: 5.2%

Plus, claim interest deductibility for the next 20 years.

Geotech report and house plans available upon request.

On March 17, 2022 the Government announced that Rotorua Lakes Council is to join the Tier 1 major urban centres covered by the medium density residential standards (MDRS) in a move that will significantly increase housing supply in the Rotorua Lakes District.

Call Kara today for more information at 021 025 97042

  • Estate type:
  • Rental status:
  • Rental appraisal:
  • Floor area: 0
  • Land area: 569
  • Bedrooms: 0
  • Bathrooms: 0
  • Car parking: 2
  • Rates:
  • $340,000
  • Annual rates:
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Kara Niles

Licensed Salesperson
REAA 2008