Ideal investment property in Feilding

Description

Properties in Feilding are in high demand, with its cafe culture and welcoming community its no wonder! Feilding has been voted New Zealand's most beautiful town no less than 16 times!

The town looks set to continue to benefit from the increased infrastructure spend including the new gorge road and KiwiRail hub. Located in the heart of the Manawatu and only a 15 minute drive to Palmerston North.

Situated on a corner section close to Feilding High School and North Street School. This property has been priced to meet the market with options to buy “as is” or completed.

Recently renovated yet awaiting the final touches, the vendor undertakes to complete the renovation prior to settlement should the purchaser require this.

The open plan living, dining and kitchen area has been transformed into an inviting space for all the family. The bedrooms are generously sized with ensuite off the master bedroom. There is a combined family bathroom and laundry. Not much has been spared throughout the renovation, with new wall linings, paint, carpet, bathroom and ensuite. There is also infinity hot water.

The kitchen is still to be installed and the vendor has budgeted $7,500 for a Mitre10 kitset kitchen or similar. The bathrooms also require finishing, outside is a single garage and good-sized section.

Council consents for the alteration work are still to be applied for. This offers additional upside to investors wishing to undertake work of this kind. Or simply leave it to the vendor to complete the work and receive council consent prior to settlement.

A recent rental appraisal shows a rental return of $520 ~ $540 pw.

Once completed the property will offer a fully renovated, low maintenance investment.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: Vacant
  • Rental appraisal:$520 ~ $540 pw Written rental appraisal available to potential purchasers
  • Floor area: 86m2
  • Land area: 607m2
  • Bedrooms: 3
  • Bathrooms: 2
  • Car parking: 1
  • Rates: $3523 p.a
AMENITIES

Only a short 5 minute drive to the center of Feilding townships. Feilding High School and North Street School are close by. Surrounding properties are well established.

LOCATION
  • $495,000
  • Gross yield: 5.7%
  • Rental appraisal: $520 ~ $540 pw

  • Written rental appraisal available to potential purchasers
  • Annual rates: $3523 p.a
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ABOUT THE AGENT

Simon Tavendale

Licensed Salesperson
REAA 2008