Fringes on the next "Wellywood" suburb
16B Macky Street, Taita, Lower Hutt - $435,400
Want to be part of the next "Wellywood" suburb and potentially add value?
About the Property
There is a great opportunity here.
- 3 bedrooms
- 1.5 bathrooms
- 2 Storey
- Freehold title
- Tidy kitchen
Lovely, Ex-state house - weatherboard exterior.
The owners used to live here as their first home and have cared well for it over many years.
Currently under rented at $360 p/w - with a Gross Yield of 4.3%.
New rental appraisal of $525 - $560 p/w as is, lifts Gross Yield to 6.6%.
PLAN - Reconfigure the large laundry and small toilet area into small 4th bedroom and rental appraisal lifts to $600 - $625 p/w making it a Gross Yield of 7.2%, including the $13,000 estimate to do this.
Small section - 300m2 but this helps keep it a low maintenance rental as there is hardly any lawns to do.
We will only have this under offer for this price for a very short time, otherwise the owners will take it to market and it will sell to a first home buyer or investor for likely high $400,000's.
I have just sold one myself nearby in Taita - a 4 bedroom, 2 bathroom - for $526,000 last week, so I know this pricing is HOT.
If you are pre-approved, ready to move quickly and would like to invest very near to where the next "Wellywood" studio is going to be, please let me know asap. (Avalon Studios is very nearby, and James Cameron has leased for 5 years to make Avatar sequels)
Close to schools, shops and transport
Licensed Salesperson - REAA 2008
027 518 2448