Make Me Beautiful
296 Clayton Road, Pukehangi, Rotorua - $324,926
Looking to quickly add value to an excellent solid home in a great location? All that is needed is new paint and floor coverings and this house would be transformed. Modernising the kitchen and bathroom would add further value if you want to go the extra mile. Either collect the increased rent or sell to a new owner and pocket the gains.
This is a good solid 1970's weatherboard home with aluminium joinery and a concrete tile roof. It is on a flat 658m2 freehold section that is fully fenced and has a garage with workshop and utility room at the end of the concrete driveway.
There are three good sized bedrooms, shower and bath and a separate toilet and laundry. There is good flow from kitchen to dining and around to the living area. There is a heat pump for warmth and I have been advised that the house is insulated.
The house is currently rented at $350 per week with an appraisal as is of $370 to $380 which gives a potential 6% gross yield. It is estimated that renovation would cost $30,000 and increase the rent to $440-$450 per week and raising the gross yield to 6.5%. Being on a freehold section should see this property appreciate in value and provide a great addition to your portfolio. The potential for a subsidiary dwelling could also be explored as the main house is well positioned to allow access to the back of the property.
Pukehangi is a very popular area for home owners and tenants alike. If you are looking for a property where you can quickly add value with a cosmetic make-over then contact Margie today.
The property is in zone for John Paul College and close to all levels of schooling. Near the top end of Clayton Road the traffic is quieter and you are still only a short seven minute drive to the CBD.
Licensed Salesperson - REAA 2008
027 435 0139