[SOLD] Massive Opportunity to Add Value in the BOP
16 Titoki Place, Edgecumbe, Edgecumbe - $140,000
Deceased estate - the family want to move on and leave plenty of opportunity for motivated investor to create value and equity
About the Property
Prior to the Egdecumbe floods in April this was a beautiful family home situated in a quiet cul-de-sac in one of the best streets in Edgecumbe. The property has now been completely stripped of its chattels, flooring and the bottom half of the wall gib has been removed. It has been decontaminated and is dry and ready to rebuild.
This home is ready to complete: with three bedrooms, good decking and a sunny conservatory of the lounge area.
The grounds are sunny and flat and ready to return to their former glory. A carport is attached to the double garage and the property is fully fenced.
This property presents great opportunity for a local investor/ renovator or builder to complete. The estimated value upon completion is $280,000 - $290,000 and a registered valuer has indicated the current value is $140,000. A copy of the the RV is available to prospective purchasers to view and can be readdressed by the purchaser if required for finance purposes.
Edgecumbe is back up and running and despite the flood sales have continued. This property is best suited to a builder or experienced renovator/investor who is not phased by buying on an "as is, where is" basis and is able to realise the opportunity to create equity.
Licensed Agent - REAA 2008
027 486 6146