Fully Renovated, Great Location, Very Low Maintenance for years to come

9 Bonnie Glen Crescent, Ebdentown, Upper Hutt - $509,066

Cashflow Neutral to Positive, Great Growth Location, Fully Renovated means Low Maintenance Costs for years to come


Highlights:

Property Features: 4 br / 1 ba / garage / carport

  • Price: $509,066
  • Gross Yield: Potential 6.3% (Upper Hutt average 5.6% @ Dec 17)
  • Capital Value: $385,000
  • Rental Status: Vacant
  • Rent Appraisal: $600 - $615 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,484
  • Estate Type: Freehold
  • Floor Area: 120m2
  • Land Area: 567m2

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

This fabulous property has recently been cosmetically renovated which means its maintenance costs over the next 8-10 years will be minimal. It has been freshly painted inside and out, with all new bathroom and toilet fittings added, new carpet and flooring throughout, and the modernised kitchen looks great.

While it is growing in value for you, this property is sure to attract great tenants seeking a warm, clean, fresh, place to call home. Last year Upper Hutt grew 8% (that's $40,000 on a $500,000 property) and it is looking to do at least the same, if not more, this year. There is much growth in the area which is known for its skilled workforce in the key areas of manufacturing, prison staff and NZ Army staff with the Trentham Army base nearby. In particular both the Prison and the Army base bring with them skilled people with families looking for great houses to rent for the duration of their contracts in the area.

Cashflow neutral for year 1 and then cashflow positive from there on in (on an interest only loan at 4.7 % with zero money down)

  • 4 bedrooms (2 extra large, 1 standard double, 1 large single)
  • 1 bathroom (bath and separate shower)
  • Separate toilet
  • Large separate laundry
  • 1 single garage
  • Large carport
  • Large gas fire heating
  • Gas hot water
  • Fully fenced (with separate fully fenced area out the back)
  • Fantastic location near the heart of Upper Hutt City
  • Potential Gross Yield 6.3%
  • Low ongoing maintenance costs
  • Highly attractive to tenants in a market with very high rental demand from quality tenants

Builders report and council file available on request.

I personally own a property near this one and it has already been and continues to be, a great investment for me.

Please join me in investing and getting great returns in Upper Hutt City.

Please call Kelly on 027 518 2448 or email Kelly@iFindProperty.co.nz to find out more about this opportunity.

Amenities

In its central Upper Hutt City location you can walk for 8 minutes to shopping amenities, supermarkets, medical services, takeaways, and public transport options (train and bus). All levels of schooling are very near by. It is just a few min drive away from SH2, with a short, off peak drive of 15 mins to Lower Hutt City and 25 mins to Wellington City.

QV Property Report 9 Bonnie Glen Crescent Ebdentown Upper Hutt.pdf

Rates File 9 Bonnie Glen Upper Hutt.pdf

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

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."