Potential 7.7% GY in Strong Wellington Region

2/46 Wood Street, Wainuiomata, Lower Hutt - $253,500

Fully renovated, very low maintenance and potential 7.7% Gross Yield.


Highlights:

Property Features: 1 Bedroom / Fully Renovated / Like New

  • Price: $253,500
  • Gross Yield: Potential 7.7%
  • Capital Value: $198,000
  • Rent Appraisal: $340 - $380 p/w
    Written appraisal available to potential purchaser
  • Annual Rates: $1,596
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 50 m sq

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

Recently fully renovated, Crosslease 1 bedroom unit available for those of us looking for a very low stress, "turnkey" type of investment.

  • $253,500 purchase price
  • Rental appraisal showing a potential 7.7 % GY
  • Fully renovated (new kitchen, new appliances, new bathroom fixtures, fully painted, new flooring throughout)
  • 1 bedroom, 1 bathroom in a quiet street in Wainuiomata
  • Very low maintenance inside and outside (Tidy, red brick exterior, newly renovated interior)
  • Cashflow positive on I/O loan with 100% borrowing
  • Easy vacant possession - ready for a tenant from day one
  • Quiet street with rural outlook, buses past gate and shops nearby

In some circles the smaller 1-2 bedroom units are seen as the "golden long term future" of investing, given our ageing population, desire for smaller living spaces, and the fact that an increasing number of kiwi's like to live only in a single or double person occupancy.

We can recommend some fantastic local property managers for you to choose from, so this unit becomes an easy, total package, ready from day one, set and forget option, for many years to come.

If this interests you, your finance is pre-approved (or ready to go) and you want to purchase before the year is out, please contact Kelly today.

Amenities

On Bus route, walk to small local shops or short drive to large supermarket at Wainuiomata. 15 min drive to central Lower Hutt Mall and non stop trains to Wellington. A 30 min drive to Wellington CBD

iFindProperty Kelly Lowe

Kelly Lowe
Licensed Salesperson - REAA 2008

kelly@ifindproperty.co.nz
027 518 2448

Contact us about this property

Agent Contact Details

iFindProperty Kelly Lowe

Kelly Lowe
Licensed Salesperson - REAA 2008

kelly@ifindproperty.co.nz
027 518 2448

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Kelly has been fundamental in the process of locating, negotiating and closing on my first investment property. It could not have been easier!

Near-daily updates and the perspective of an experienced property investor and former property manager both put me at ease with the entire process, bearing in mind that I was several thousand miles (and numerous time zones) away and also has ended up with me having a great investment that I hope to grow into many more.

But, it doesn’t stop there, Kelly also project managed the renovations to get the property up to scratch and ready to rent. Again, perfect communication made the entire process super easy and as an experienced investor herself she was able to save me a lot of money by negotiating with local contractors on my behalf. I can’t wait to crack on with number two and hope to be able to use Kelly’s experience and connections again."