Investors Delight

  • 6 Fife Place, Tokoroa
  • 3 Beds
  • 1 Bath
  • 80m2

Description

This property has 3 bedrooms on a large section and is in a cul-de-sac. The exterior walls of the house has just been professionally painted along with the small sleepout. The section is large and mostly flat.

The kitchen is standard and is combined with the dining. The vinyl in the kitchen is in good condition, as is the carpet throughout the house. The bedrooms are a reasonable size. The bathroom and toilet are separate and standard. The house has just been professionally insulated and there is a woodburner that needs cleaning and a new door.

Opportunity exists here to add value, which will boost the rental potential. The interior would easily be modernised with a paint job. The bathroom would also look good with updating. One window frame needs replacing, the others need to be sanded and painted. A tidy-up of the section will complete the project.

One job that does need doing is repairing the fire. Please contact Wayne for details and costs involved.

Below are some "back of the envelope" estimates that we can help you firm up during your due diligence...

  • Bathroom update $2,000-$5,000k depending on amount done
  • Fire replacement $3,000-$4,000 approx
  • Carport $4,000
  • Paint roof $3,500
  • Section $2,000
  • Window repairs & painting $2,000

By getting the work done, either by yourself or through contractors, the property will last for years.

Contact Wayne today for further information on this rare opportunity.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: Vacant
  • Rental appraisal:$260 - $280 p/w (with interior decoration & section tidy up) Written rental appraisal available to potential purchasers
  • Floor area: 80m2
  • Land area: 864m2
  • Bedrooms: 3
  • Bathrooms: 1
  • Car parking: 2
  • Rates: District $2,039, Regional $163 Total = $2,202
AMENITIES

220m to main transport route, 400m to school, 480m to shops, 970m to hospital

LOCATION
  • $179,000
  • Gross yield: Potential 8.1%
  • Rental appraisal: $260 - $280 p/w (with interior decoration & section tidy up)

  • Written rental appraisal available to potential purchasers
  • Annual rates: District $2,039, Regional $163 Total = $2,202
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ABOUT THE AGENT

Wayne Dickson

Licensed Salesperson
REAA 2008

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