[SOLD] Cashflow & Good Tenant Happy to Stay

12 Oban Street, Flaxmere, Hastings - $241,000

Cashflow deal - under $250,000. Buy in one of New Zealand's fastest appreciating suburbs of Flaxmere.

Two bedroom home with a garage plus workshop, makes this a popular property for tenants.


Property Features: 2 Bedroom / Garage

  • Price: $241,000
  • Gross Yield: Potential 7.3%
  • Rental Status: $320 p/w
  • Rent Appraisal: $320 - $330 p/w
  • Verbal rental appraisal - TBC in writing
  • Annual Rates: $1,843
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 70m2
  • Land Area: 1/2 share 812m2

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About the Property

Secure yourself this little cash-cow to add to your portfolio or to get on the investing ladder for under $250,000.

This two bedroom, one bathroom standalone weatherboard property with iron roof offers an open plan kitchen / lounge / dining with a heatpump that has just recently been installed. The property is in a tidy condition and is currently rented by an excellent tenant who would love to stay on. Fully fenced with a flat section, front and back completes the picture.

A bit of a spruce up in the form of paint and carpet at some stage, if you were to do the work yourself approx $5,000, could increase value but this property is currently rented for $320 p/w and has a current rental appraisal of $320-$330 p/w.

There is a huge demand for rentals in Flaxmere and anything under $350 p/w is hard to find.

Contact Lauren today about this great opportunity.


School, transport, park, playground, shops, church

Lauren Worsley
Property Investment Specialist

021 847 333

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This property is SOLD
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Agent Contact Details

Lauren Worsley
Property Investment Specialist

021 847 333

We recently used Lauren as a buyer for 2 units in Hastings. It was a particularly stressful time for us as we had a lot of other things going on. Lauren was always calm, reassuring, professional and nothing was too big a problem, she assured us our questions were not silly. Lauren doesn’t take herself too seriously and we could definitely have a laugh with her along the way. Looking back we can also now see that Lauren has a good understanding of the area and property prices. We would definitely use Lauren again.