[SOLD] 10% potential gross yield in a strong Tokoroa location
13 Lancaster Crescent, Tokoroa - $128,350
10% Potential gross yield!! We have not seen a deal this good for some time!! Be fast, it won't last!!
A great starter for new investors as well as seasoned investors.
This property is well set out, in a strong location and well presented. The house has three very good sized bedrooms and the interior was redecorated by a master painter within the last 2 years. Insulated above the ceiling and fitted with a wood fire to keep your tenants warm in winter.
The kitchen is spacious and flows into an attached dining area. The interior is very well presented, there is a separate bathroom (which has separate bath and shower) and a separate toilet.
The section has a new driveway, some new fencing, is mostly flat and fenced making it safe for pets and children. There is a single garage on the property and the driveway has ample off street parking. The exterior cladding is in good condition.
Extra twist: Minor cosmetic work is required to replace the shower linings, wash the exterior of the house, fix a few exterior weatherboards and tend to a few very minor matters picked up by a building inspection. The work has been quoted by an expert at $3,550. Either let them do the work, or do it yourself and bank the profit.
This property would make a great starter for an investor to either begin their portfolio or add to an existing portfolio, with only a small deposit needed. It is cash flow positive with a potential 10% gross yield. It attracts good tenants due to its strong location.
260m to primary school, 360m to shops and the popular lake reserve, 510m to hospital and medical centre, 600m to kindergarten, 700m to intermediate and high schools.
Licensed Salesperson - REAA 2008
027 200 2556