2 x Inner City Units

Units 1 & 2, 546 Worcester Street, Linwood, Christchurch - $417,000

Entry level with options offering an excellent 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: 3 br / 2 ba

  • Price: $417,000
  • Gross Yield: Potential 7%
  • Capital Value: $190,000 + $205,000 = $395,000
  • Rental Status: $295 p/w (2 bedroom)
    Currently vacant (1 bedroom)
  • Rent Appraisal: $295 - $310 p/w (2 bedroom)
    $245 - $255 p/w (1 bedroom)
    TOTAL - $540 - $565 p/w
  • Annual Rates: $1,274 + $1,351 = $2,624
  • Estate Type: Crosslease (Freehold)
  • Land Area: 1/4 share 706m2

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Additional Information

On offer is the choice of 2 x inner city units - a one bedroom and/or a two bedroom.

They are both side by side and built solidly in the 70's of 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 insulated (polyester) with heat pumps in each, 10 year smoke alarms and extractor fans in each bathroom - the healthy homes bill upon us is all sorted 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.

This is the ideal opportunity for those looking for a hands off, affordable investment whether buying both units or just one. Get in touch to discuss the options and for a viewing asap.

Amenities

Eastgate Mall - 10 min walk

City centre - 25 min walk

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

Transport close proximity.

QV Property Report 1 546 Worcester Street Linwood Christchurch 8011.pdf

QV Property Report 2 546 Worcester Street Linwood Christchurch 8011.pdf

Rates Unit 1 546 Worcester St Linwood Chch.pdf

Rates Unit 2 546 Worcester St Linwood Chch.pdf

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

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.