Great Cashflow in Kelburn

Norna Crescent, Kelburn, Wellington - $1,130,000

OPEN HOME: Viewing by appointment with tenant needing 48 hour notice

Here is a fantastic opportunity to beat the averages and secure a great single standalone house on a freehold title. Watch the cash come in every week.


Property Features: 6 br + 2 ba home

  • Price: $1,130,000
  • Gross Yield: 6.35% on current rent
  • Rental Status: $1,380 Fixed term tenancy to 14th Feb 2021
  • Rent Appraisal: $1,380-$1,440 per week
  • Written rental appraisal available to potential purchasers
  • Annual Rates: $3,778.26
  • Estate Type: Freehold
  • Floor Area: 132
  • Land Area: 309

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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

Great Investment – Great Location – Cashflow

Here is a fantastic opportunity to beat the averages and secure a great single standalone house on a freehold title and watch the cash come in every week.

This fully renovated property is located in the high growth area of Kelburn and has been set up as a 6 bedroom and 2 bathroom flat that currently has university students paying $1,380 per week and fixed until Feb 2021.

The highlights

1. Purchase Price is $1,130,000

2. Current Annual Rent $71,760

3. 6.35% Gross Yield

4. High capital growth suburb

5. Located close to Victoria university

6. 6 Bedrooms and 2 bathrooms. Could be converted to 7 bedrooms if you wanted to.

7. Rates $3,778.26

8. Has rental upside for next year

9. No renovation required so watch the cash come in from settlement

10. $16,000+ positive cashflow pa (100% lending, 3.5% I/O mortgage, projections available on request)

This is great income in a premium location and will go quickly. Please contact me for further details and to express interest.

iFindProperty Peter Ambrose

Peter Ambrose
Licensed Salesperson - REAA 2008
021 225 5753

Contact us about this property

Agent Contact Details

iFindProperty Peter Ambrose

Peter Ambrose
Licensed Salesperson - REAA 2008
021 225 5753

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Our needs were a little different. Peter had the challenge of finding us an investment property that we would also be living in for the first 5 years.

Peter educated us on how investment properties can work for us as a family. He was super patient as he took the time to show us multiple properties throughout Wellington. When the time came to make a move on an apartment, we fully trusted his ability to provide measured advice for us to move quickly, and we are delighted with our purchase.

Maree and Peter have been great to work with and have been so considerate of our needs. We came to iFindProperty through Bentham's brother who had previously purchased two properties through them – it was certainly a worthwhile recommendation.

Bentham Ohia & Kate Cherrington

We decided to sell our much loved family home of 12 years so contacted someone whom helped us in the past, unfortunately he did not specialise in our current location and so we trusted his recommendation to Peter Ambrose.

I contacted Peter and we explained what we wanted after meeting and the rest was a blur as it happened so quickly. We found Peter friendly and easy to communicate with. His expertise was genuine and transparent, especially if there was something we needed clarified and unsure about. After first-hand experience we can now confidently and personally highly recommend Peter Ambrose and iFindProperty to others that need to go through what would normally be a stressful process of selling your property and home with ease and the least hassle.

Again, we express our thanks and much appreciation.

Ete and David

Searching for an investment property in NZ isn’t easy in a tight market and is even more difficult when you live overseas (even if it is just across the ditch!).

iFindProperty made it easy. Peter took the time find out what my requirements were and knows the local market and how it is changing. His great communication and extra help for an overseas buyer was amazing! I highly recommend Peter and the iFindProperty team as they make investing much more achievable and easier.