Nice rental unit in a boom town

66G Queen Street, Leamington, Cambridge - $324,900

Our Cambridge vendor has other projects waiting and we have negotiated a sharp discount on price looking for a quick sale. This property in the heart of Cambridge is a winning proposition.


Highlights:

Property Features: 2 Bedrooms

  • Price: $324,900
  • Gross Yield: Potential 6.0%
  • Capital Value: $275,000
  • Registered Value: $383,000
  • Equity: $40,000
  • Rental Status: $300 p/w
  • Rent Appraisal: $380 - $400 p/w
    Written Appraisal available to potential Purchasers
  • Annual Rates: $2,358
  • Estate Type: Stratum in Freehold
  • Floor Area: 60m2
  • Annual Body Corporate Fee: $1,300

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.

Additional Information

Cambridge, think wide leafy streets, think Sir Tristram, think high performance sport, think elite private schools, think MONEY!

Cambridge is famous for being home to sporting champions and this two bedroom unit is definitely a champion of the property kind

This two bedroom unit is in a tidy enclave of detached and semi-detached flats set well back from the road just a stone's throw from the town centre. It has a carport and is north facing. Both bedrooms have built in wardrobes, the master is a large double bedroom with double wardrobe to match.

Many improvements have been made over the last 18 months and the unit is light and welcoming. There is new carpet, heatpump and HRV system (which current tenant does not use). The bathroom and kitchen have been upgraded and the concrete block walls plastered and painted. Aluminium joinery and an iron roof promise a low maintenance investment for years to come.

Outside, the shared bodycorp driveway is tidy and well maintained and the unit has its own private patio and grassed area that captures the sun.

With its central location, only 15 mins drive from Hamilton, rentals in Cambridge are in high demand both with commuters and those who choose to work or retire in this genteel haven. The opening of the Waikato expressway means SH1 no longer skirts around the town resulting in less congestion and more tranquilidable.

With a potential Gross Yield of 6%, this affordable unit is a rare find and now at a bargain price.

Contact Margie if you want to add a Cambridge address to your portfolio.

Amenities

Right in the town centre so just a short walk to all the shops and the supermarket. All levels of schooling are within walking distance and private St Peter's School is only 3km away.

QV Property Report 66G Queen Street Cambridge.pdf

Rates File 66G Queen Street Cambridge.pdf

iFindProperty Margie Macalister

Margie Macalister
Licensed Salesperson - REAA 2008

margie@ifindproperty.co.nz
027 435 0139

Contact us about this property

Agent Contact Details

iFindProperty Margie Macalister

Margie Macalister
Licensed Salesperson - REAA 2008

margie@ifindproperty.co.nz
027 435 0139