A renovation yield without having to renovate


This lovely property offers a blend of modern comfort and natural beauty, making it the perfect place to call home or a great investment, with an appraised 7.5% yield!

As you step inside, you'll be greeted by a beautifully renovated interior boasting 3 bedrooms and 1 bathroom. The new kitchen and bathroom showcase sleek design and functionality, while the living spaces are tastefully decorated to create a warm and inviting atmosphere. Stay cozy during the winter months with a wood burner and heat pump, and rest easy knowing the property is fully insulated in the ceiling and underfloor.

Outside, the charm continues with dedicated parking for 3 cars and a lovely cottage garden that provides a peaceful escape. Take in the picturesque views of the surrounding forest and farmland, as well as glimpses of Lake Rotorua and Mount Tarawera in the distance.

The vendor is looking to move for family reasons and would like a quick sale; hence the sharp price. This is a yield you would usually expect to have to renovate to achieve.

  • Bedrooms: 3
  • Bathrooms: 1
  • Car parking: 2
  • Floor area: 90m2
  • Land area: 1/5 share of 3032 sqm (more or less)
  • Estate type: Crosslease (Freehold)
  • Rental status: Owner Occupied
  • Rental appraisal: $575-600pw (Written rental appraisal available to potential purchasers)
  • Rates: $3,497.22

Conveniently located, this property is within walking distance of a wide variety of schools, 4 square supermarkets, doctors, cafes, restaurants, and hairdresser. Rotorua central is just a 5-minute drive away, offering a bustling hub of amenities within easy reach.

  • $399,000
  • Gross yield: Appraised 7.7%
  • Rental appraisal: $575-600pw (Written rental appraisal available to potential purchasers)
  • Annual rates: $3,497.22
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Maree Tassell

Maree Tassell
Licensed Agent - REAA 2008

027 486 6146