2 x Inner City Units

Units 1 & 2, 546 Worcester Street, Linwood, Christchurch - $409,000

Entry level with options offering an excellent yield of 7.1% Gross Yield. Buy two and rent both out; buy two, live in one and rent the other out or just buy one at a very affordable price.


Highlights:

Property Features: 2 x Units

  • Price: $409,000
  • Gross Yield: Potential 7.1%
  • Capital Value: $190,000 + $205,000 = $395,000
  • Rental Status: $295 p/w (2 bedroom)
    $245 p/w (1 bedroom)
  • Rent Appraisal: $295 - $310 p/w (2 bedroom)
    $245 - $255 p/w (1 bedroom)
    TOTAL - $540 - $565 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $1,334 + $1,415 = $2,749
  • Estate Type: Crosslease (Freehold)
  • Land Area: 1/4 share 706m2

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.

About the Property

2 x inner city free hold units - a one bedroom and/or a two bedroom each with single car garaging!

The units are both side by side and built solidly in the 70's of low maintenance concrete block with aluminium joinery. Both have been recently painted throughout with new carpet in unit two, new blinds and curtains, and new cabinetry in the kitchen and bathroom of unit one. They are both insulated (polyester) with heat pumps in each, 10 year smoke alarms and extractor fans in each bathroom - the healthy homes standards are met here!

Both units come with a single lock-up garage separating them from the remaining two units which are at the rear. The outdoor patio areas are fenced, private and very secure along with the entire complex. A further opportunity would be to keep an eye out going forward and buy the remaining two units giving you ownership of the entire block! Just like a good game of Monopoly.

This is the ideal opportunity for those looking for a hands off, affordable investment whether buying both units or just one. Our Vendor requires an urgent sale - get in touch asap to discuss the options and for a viewing.

Amenities

Eastgate Mall - 10 min walk or 5 mins drive.

City centre - 25 min walk or 4 mins drive to Fitzgerald Ave - one of the 4 Avenues.

Popular 'Under the Red Verandah cafe' - 3 min walk

Transport close proximity.

iFindProperty Maxine Clason-Thomas

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

iFindProperty Maxine Clason-Thomas

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

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As fate would have it, I signed the Sales and Purchase agreement on the day I flew overseas for two weeks. With an eight-hour time difference, working through due diligence could have been a challenge; could have been if it wasn’t for the tireless support I received from Maxine.

She provided updates, recommendations and was always available to meet people on-site during due diligence.

Thank you Maxine, and iFindProperty for making our recent purchase possible.

Barry Deed

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.