[SOLD] Profitable and Private for the Family

13 Ngatuku Place, Tokoroa - $113,350

It stacks up, the numbers work!

Entry level three bedroom opportunity with 10% potential gross yield in a sought after area for working families.

Paint and a quick makeover will restore this property to it's former glory, making you money in the process.


Highlights:

  • Price: $113,350
  • Gross Yield: Potential 10%
  • Capital Value: $104,000
  • Rent Appraisal: $240 p/w
    Written Appraisal available to potential purchasers (This reflects a superficial makeover being completed)
  • Annual Rates: $1,805
  • Estate Type: Freehold
  • Floor Area: 100m2
  • Land Area: 849m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

Additional Information

A good sized property in a private location. This house has three reasonable size bedrooms and can accommodate a large family. Insulated above the ceiling and fitted with a woodfire to keep your tenants warm in winter.

The kitchen works well and flows to the attached dining area. The interior asks for repainting. The bathroom is tidy and is well set out for a large family with the separate toilet. The bathroom ceiling needs painting. There is a shower over the bath that works well.

The section is flat and fully fenced making it safe for pets and children. There is a large single garage on site attached to a carport with ample of off street parking. The exterior is also in need of a repaint.

Being down a right of way, the house is alarmed to give the tenants the feeling of being private and secure.

This property would make a great starter for a young investor to begin their portfolio, with only a small deposit needed. It is cashflow positive with a potential 11.5% gross yield. It would attract good tenants due to its location.

Estimates for a superficial makeover have been obtained and are set between $5,500 - $7,000.

Amenities

260m to kindergarten, 520m from Intermediate, 1.3km from high school, 650m to lake reserve, 880m to the hospital, medical centre and pre-school.

An on-going rental shortage means that this will easily rent and after a superficial makeover will attract a quality tenant willing to pay top rent.

iFindProperty Wayne Dickson

Wayne Dickson
Licensed Salesperson - REAA 2008

wayne@ifindproperty.co.nz
027 200 2556

Contact us about this property

This property is SOLD
Don't Miss the Next One!

Contact the agent today to register for their local hotlist and get first notification about new properties.

Contact Wayne »

Agent Contact Details

iFindProperty Wayne Dickson

Wayne Dickson
Licensed Salesperson - REAA 2008

wayne@ifindproperty.co.nz
027 200 2556

We have bought four properties this year, from different agents. We found Wayne Dickson to be the most helpful agent we have ever come across. He gave us a lot of “above and beyond” help. We live out of town, so the help was greatly appreciated.

Wayne also has a team of contacts for almost anything you can think of property wise, which we have utilised. This has saved us hours of time in building a network for our out of town houses.

I would highly recommend dealing with Wayne to anyone, he knows what he’s doing and we feel lucky to have bought a house from him. I would not hesitate to buy from Wayne again in the future.

Matthew Gill

When we decided to sell our investment properties recently, we needed someone we could rely on and trust.

One name came immediately to mind, and as per our expectations, we were not disappointed. Wayne understood our requirements extremely well and carried out our instructions in a professional and timely manner. Liaising with everyone on our behalf, the transactions took place with no hassles, delays or problems.

Wayne provided us with good straightforward service - and always with a smile. I would highly recommend him to anyone wishing to use his services. A+++ rating.

Mike West

I have bought two investment properties through iFind in Tokoroa – so far! Wayne is great to deal with. He is very knowledgeable about the area, a great communicator and trustworthy. As I do not live in Tokoroa it is important for me to have someone local that I can trust to act in my best interest.

I highly recommend Wayne and look forward to working with him a lot more!

Investor Client

We've been very happy with iFindProperty especially your advice around investing outside of cities. Wayne and Fiona have also been great, giving lots of advice highlighting where to invest and where to avoid but particularly the details of the local housing stock and maintenance considerations.

We'll definitely purchase through IFP again