Affordable with Potential 8.2% Gross Yield

  • 8/246 Stanmore Road, Richmond, Christchurch
  • 2 Double with built in wardrobes Beds
  • 1 Bath
  • 60m2

Description

This tidy two bedroom unit is in the heart of the Richmond Village. The updated kitchen and bathroom, tidy carpet and neutral décor make this unit appealing and easy to rent at this price range. All the drapes and blinds have been replaced along with the installation of a new HRV system. Cosy and dry, the property is on the second level and receives good sun. The updated kitchen opens into a dining/living area, and the unit boasts a good sized bathroom as well as two well proportioned bedrooms. The washing machine, stand alone stove and dishwasher are all included with the kitchen. The property also includes a separate single carport behind the units.

The unit is one of eight concrete block units, positioned on the second level, with a tiled roof and has been insulated to meet tenancy requirements. It is set well back from the road, down a driveway overlooking the hustle and bustle of Richmond Village.

The property is fully insured and all earthquake repair work has been completed. Our vendors have left future owners a high yield potential with their bottom line asking price of $190,000. The affordable rent fits the market perfectly as Christchurch has few properties at this price to meet the demand.

Recent Sales of Similar Properties

9/31 Draper Street, Richmond - $220,000

53/33 Trent Street, Linwood - $252,000

4/33 Trent Street, Linwood - $245,000

Contact me today to find out more about this fantastic opportunity.

PROPERTY DETAILS
  • Estate type: Crosslease (Freehold)
  • Rental status: $280 p/w Fixed Term until April 10, 2020
  • Rental appraisal:$280 - $300 p/w Written rental appraisal available to potential purchasers
  • Floor area: 60m2
  • Land area: 1/8 share in 1071m2
  • Bedrooms: 2 Double with built in wardrobes
  • Bathrooms: 1
  • Car parking: 1 Carport
  • Rates: $1,250
AMENITIES

Richmond Village has great amenities including the New World Supermarket, post office, restaurants, retail shopping, community centre, and the proximity to the river park and inner city is ideal.

Richmond Village is approx 2.8km's to the central city and is approx 2.3km's to the Eastern Frame that is forming part of the new inner city development.

The Richmond Village Green holds events such as The Original Gypsy Fair – Est'd 1990.

LOCATION
  • $190,000
  • Gross yield: Potential 8.2% (currently 7.7%)
  • Rental appraisal: $280 - $300 p/w

  • Written rental appraisal available to potential purchasers
  • Annual rates: $1,250
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ABOUT THE AGENT

Persephone Singfield

Licensed Salesperson
REAA 2008

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