Great Cashflow in Kelburn

  • Norna Crescent, Kelburn, Wellington
  • 6 Beds
  • 2 Bath
  • 132

Description

Great Investment – Great Location – Cashflow

Here is a fantastic opportunity to beat the averages and secure a great single standalone house on a freehold title and watch the cash come in every week.

This fully renovated property is located in the high growth area of Kelburn and has been set up as a 6 bedroom and 2 bathroom flat that currently has university students paying $1,380 per week and fixed until Feb 2021.

The highlights

1. Purchase Price is $1,130,000

2. Current Annual Rent $71,760

3. 6.35% Gross Yield

4. High capital growth suburb

5. Located close to Victoria university

6. 6 Bedrooms and 2 bathrooms. Could be converted to 7 bedrooms if you wanted to.

7. Rates $3,778.26

8. Has rental upside for next year

9. No renovation required so watch the cash come in from settlement

10. $16,000+ positive cashflow pa (100% lending, 3.5% I/O mortgage, projections available on request)

This is great income in a premium location and will go quickly. Please contact me for further details and to express interest.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: $1,380 Fixed term tenancy to 14th Feb 2021
  • Rental appraisal:$1,380-$1,440 per week Written rental appraisal available to potential purchasers
  • Floor area: 132
  • Land area: 309
  • Bedrooms: 6
  • Bathrooms: 2
  • Car parking: 0
  • Rates: $3,778.26
LOCATION
  • $1,130,000
  • Gross yield: 6.35% on current rent
  • Rental appraisal: $1,380-$1,440 per week

  • Written rental appraisal available to potential purchasers
  • Annual rates: $3,778.26
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008