Description
Here is your opportunity to own a large modern investment in the heart of Wellington, offering a good return for very little effort.
Close to the university and the city, this property was built around 2016 and comprises 7 bedrooms and 3 bathrooms alongside some lovely outdoor living over 2 stories.
The house is at the end of a private cul-de-sac, and is completely double glazed.
An easy "hands off" investment with no maintenance required, the property is currently rented at $1,600 per week and fixed to the end of February 2024, with conversations already happening around potential lease renewal for the following year.
CV = $1,320,000
This property was previously rented at $1,800 per week and now has an appraisal of $1,750-$1,850 per week.
The current yield is 7.36%, and at $1,750 per week, this will equate to a 8.0% yield and represent great buying for a such a modern, low-maintenance property close to the university.
Contact me today for further information or to arrange a private viewing.