7% GY on a Renovated Home in Great Area

2 Neil Road, Fairy Springs, Rotorua - $355,000

7% Gross yield, fully renovated in great area. Act Now or miss out.


Property Features: 4 Bedrooms

  • Price: $355,000
  • Gross Yield: Potential 7%
  • Rental Status: $330 p/w
  • Rent Appraisal: $440 - $480 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,567
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 110m2
  • Land Area: 1/2 share in 1011m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

This is a weatherboard home with an iron roof and wooden joinery. The home boasts three bedrooms inside the house as well as a sleepout with access to its own modern bathroom.

The home itself has a very modern open plan kitchen complete with double dish draw and gas hob for cooking. The living room that has a compliant in-built log burner that is on a wetback so cheap hot water in winter. It is also fully insulated in the ceiling and under floor. The bathrooms are modern with good vanity units and glass showers.

If you are looking for a good home in a good area, that is only a short distance to the CBD, then this one could be for you.

Whether you're looking to purchase to occupy, or simply looking to add to your investment portfolio, look no further.

Currently yielding a rental return of $335 p/w but appraised up to $480 p/w. This three bedroom home, dual bathroom and sleep out has great outdoor flow onto a deck that captures the afternoon sun.

The double garage is not consented and appears on the flats plan as a single garage and shed. The 2nd bathroom is also not showing on the council file.

Call Debbie today for more information on this opportunity.


Close to supermarket and industrial areas but only a short distance from town as well.

QV Property Report 2 Neil Road Fairy Springs Rotorua .pdf

Rates File 2 Neil Road Fairy Springs Rotorua.pdf

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

021 131 6119

Contact us about this property

Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

021 131 6119

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Debbie has been wonderful to work with. She was professional, thorough and has an inside knowledge about the Rotorua market. On top of this she is willing to share her extensive knowledge with her clients as she is on the side of the investor."