Dual Income in West Harbour, 6.4% GY

Description

In the heart of ever-popular West Harbour, this dual income property presents an outstanding opportunity for the astute investor wanting to benefit from Auckland's value growth, while also requiring an excellent rental yield. This versatile 1980s Hardie Plank home, on a half share of 811sqm (more or less), is located at the end of a quiet cul-de-sac, moments from the North Western motorway on-ramp, local parks and Westgate centre, making it a compelling addition to any property portfolio. Comprising a single-level, three-bedroom home upstairs and a separate, fully self-contained, one-bedroom unit downstairs - comfortably generating a rental income of $1,075pw ($625pw and $450pw respectively), this property offers immediate rental dividends and attractive long-term appreciation prospects, in an area renowned for consistent buyer and tenant demand. A double carport, easy-care grounds, and a sunny position adjacent to parkland are added bonuses. Both dwellings are fully functional and tidy, and with both tenants keen to stay, we can offer the property with sitting tenants, if required.

PROPERTY DETAILS
  • Bedrooms: 4
  • Bathrooms: 2
  • Car parking: 2
  • Floor area: 130m
  • Land area: 1/2 Share of 811m (MOL)
  • Estate type: Crosslease (Leasehold)
  • Rental status: Sitting tenants
  • Rental appraisal: $1,075 pw
  • Rates: $3,019.92
  • $879,000
  • Gross yield: 6.4%
  • Rental appraisal: $1,075 pw
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ABOUT THE AGENT

Stephen Hart

Licensed Salesperson
REAA 2008