Dual income - Reap the Returns

64c Fairview Road, Western Heights, Rotorua - $547,900

Sit back, nothing needed here, start your portfolio with this amazing duplex.


Highlights:

Property Features: Dual Income / As New

  • Price: $547,900
  • Gross Yield: Potential 7.4%
  • Capital Value: $312,000
  • Rental Status: $320 p/w (1/64C)
    $320 p/w (2/64C)
    TOTAL: $640 p/w
  • Rent Appraisal: $360 - $375 p/w (1/64C)
    $360 - $375 p/w (2/64C)
    TOTAL: $720 - $750 p/w
    Written Appraisal available to potential purchaser
  • Annual Rates: $3,768
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 148m2
  • Land Area: 1/4 share 1077m2

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About the Property

AMAZING!

Renovated to a very high standard, close to schools & shops. This duplex ticks all the boxes and three bedroom units to boot. Act fast these won't last long at all.

This property consists of 2 three bedroom units. Both have been fully renovated to a very high standard. Open plan living areas with modern kitchens complete with range hoods. The living area opens out on to a wooden deck/BBQ area that is extremely private. Even though the units are joined they are extremely private from each other. The property is set down the end of a driveway and is quite secluded. The carpets appear to be as new, paintwork is in good order as are all the light fittings and drapes. There are three double bedrooms and a modern bathroom area. Both homes are warmed with a heat pump, are all fully insulated and come complete with security alarms.

The grounds are easy care and there has been many metres of concrete laid and fencing is good.

Seldom have I found investment units that do not need some level of modernisation or renovation. These units are simply beautiful and will be highly desired by tenants.

However there is some upside, with scope to add covered parking to increase rents. I estimate that adding carport for each unit ($5,000 per carport) new, less for second hand) could add an extra $15 per week to the rent per unit.

This won't last long, so act quick!

Amenities

Easy walk to all levels of schooling as well as supermarket and shopping area nearby and short drive to the CBD.

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

Contact us about this property

Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
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."