[SOLD] Expansive City Views from Bushy Retreat

102E Old Quarry Road, Western Heights, Rotorua - $235,925

Prepare to be amazed, great price and fabulous bush location!


Highlights:

Property Features: Views / 3 br

  • Price: $235,925
  • Gross Yield: Potential 7.2%
  • Capital Value: $155,000
  • Rental Status: Vacant
  • Rent Appraisal: $310 - $330 p/w
    Written Appraisal available to potential purchaser
  • Annual Rates: $2,171
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 110m2
  • Land Area: 1/5 share in 3032m2

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Additional Information

A well kept Rotorua secret, prepare to be delighted.

Set on the lower slopes of Mt Ngongotaha this property has expansive views over the entire city and lake Rotorua, yet within walking distance to popular schools. Surrounded by native bush and DOC conservation land, this gives the feel of a true bush retreat.

With its unique location it would make an ideal family rental or with a makeover a great AirBnB rental. The home is set on two levels with access via the upper floor to the spacious lounge/dining area with new carpet and cosy heat pump to keep your tenants warm in winter. The lounge has an expansive wooden deck that overlooks the city. The kitchen is tidy with dark wood veneer cupboards, formica and tile bench tops. To modernise add a new bench top and cupboard facings.

The bathroom is upstairs with a tiled top vanity and shower over the bath. Both kitchen & bathroom areas are dated but extremely tidy, having been well looked after by an elderly lady owner. Perfectly suitable to rent as is but easy enough to modernise for a modest budget.

Access to the sleeping areas are down a set of stairs in the lounge.

There are three bedrooms down stairs, two double and one single. The master bedroom has sliding door access onto a deck. The bedrooms are tidy, wallpapered and have good carpets although not of the same vintage as upstairs. These areas are tidy and to modernise just add paint, new carpets and modern drapes. Approx. cost $10k which will give you an increased rent of up to $350 p/w and a potential Gross Yield of 7.7%.

On the same level as the bedrooms is the large garage. There is underfloor insulation visible from the garage.

A building report is available to prospective purchasers as there are a few minor maintenance issues requiring attention.

The rental appraisal is based on the property in its current condition.

Amenities

Walking distance to Western Heights High School. Handy to new Countdown supermarket and local shopping centre. Bus route nearby and set in a very quiet portion of Old Quarry Road.

QV Property Report 102E Old Quarry Road Selwyn Heights Rotorua.pdf

Rates File 102E Old Quarry Road Western heights Rotorua.pdf

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

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Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

Debbie has been wonderful to work with. She was professional, thorough and has an inside knowledge about the Rotorua market. On top of this she is willing to share her extensive knowledge with her clients as she is on the side of the investor."