Cashflow & Good Tenant Happy to Stay

  • 12 Oban Street, Flaxmere, Hastings
  • 2 Beds
  • 1 Bath
  • 70m2


Secure yourself this little cash-cow to add to your portfolio or to get on the investing ladder for under $250,000.

This two bedroom, one bathroom standalone weatherboard property with iron roof offers an open plan kitchen / lounge / dining with a heatpump that has just recently been installed. The property is in a tidy condition and is currently rented by an excellent tenant who would love to stay on. Fully fenced with a flat section, front and back completes the picture.

A bit of a spruce up in the form of paint and carpet at some stage, if you were to do the work yourself approx $5,000, could increase value but this property is currently rented for $320 p/w and has a current rental appraisal of $320-$330 p/w.

There is a huge demand for rentals in Flaxmere and anything under $350 p/w is hard to find.

Contact Lauren today about this great opportunity.

  • Estate type: Crosslease (Freehold)
  • Rental status: $320 p/w
  • Rental appraisal:$320 - $330 p/w Verbal rental appraisal - TBC in writing
  • Floor area: 70m2
  • Land area: 1/2 share 812m2
  • Bedrooms: 2
  • Bathrooms: 1
  • Car parking: 2
  • Rates: $1,843

School, transport, park, playground, shops, church

  • $241,000
  • Gross yield: Potential 7.3%
  • Rental appraisal: $320 - $330 p/w

  • Verbal rental appraisal - TBC in writing
  • Annual rates: $1,843
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