[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


Highlights:

Property Features: 3 br / Good decking / Sunny convervatory

  • Price: $140,000
  • Rent Appraisal: Approximately $300 - $320 p/w once reinstated. To be confirmed
  • Annual Rates: $3,048
  • Estate Type: Freehold
  • Floor Area: 90m2
  • Land Area: 612m2

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

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.

QV Property Report 16 Titoki Place Edgecumbe.pdf

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146

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 Maree »

Agent Contact Details

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146

If you want someone who knows what they’re doing, can use a very professional yet friendly approach, then Maree is the one. I asked her to sell one of my rentals and she did so quickly, with no fuss and got an excellent price for me.

Rob Bialostocki

Maree has always shown a very high level of integrity, transparency and flexibility and I believe iFindProperty offers great value – not only do you get a great property deal but the additional advice, assistance and recommendations make her service outstanding. I highly recommend Maree to anyone looking to start off on the right track in property, be they first timers or seasoned investors.