[SOLD] Cashflow and Equity on offer!

19 Kea Place, Tokoroa - $125,350

Strong location, tenant friendly - cashflow and equity to be made here!

Two twists: tidy up and rent out or convert to 4 bedroom home then rent out. You choose!!


Highlights:

Property Features: 3br 1ba Home

  • Price: $125,350
  • Gross Yield: Potential 9.5% gross yield
  • Capital Value: $116,000
  • Rental Status: Currently rented at $200 p/w.
  • Rent Appraisal: $230 p/w after property is tidied up.

    Written Appraisal available to potential purchasers (This reflects a superficial makeover being completed). If one lounge converted as a bedroom as well, then the rent appraisal is $250-$260 p/w.
  • Annual Rates: $1,851
  • Estate Type: Freehold
  • Floor Area: 110 m2
  • Land Area: 825 m2

About Tokoroa

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Additional Information

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

The kitchen is older style and could do with an upgrade. It flows to the attached dining area, which leads out onto a private deck. The bathroom is new, having just been renovated. It consists of a shower over the bath and stylish basin and has a combined toilet.

The section is mostly flat and fenced making it safe for pets and children. There is a large single garage and the driveway has ample of off street parking. The house exterior has a couple of boards to be repaired and the roof is in need of a repaint, nothing that is too big for the handy man, or if necessary we could provide referrals to a contractor for the repairs to be done. Some simple landscaping will complete the package.

Fibre internet connection is in the street.

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 9.5% gross yield. It will attract good tenants due to its location.

Amenities

250m to lake reserve, 380m to the hospital, medical centre and pre-school, 550m to kindergarten, 730m from Intermediate, 830m from high school.

Equity and cash flow can be created here for the investor who has vision.

QV Report 19 Kea Place Tokoroa.pdf

Rent Appraisal 19 Kea Place Tokoroa.pdf

Wayne Dickson
Licensed Salesperson - REAA 2008

wayne@ifindproperty.co.nz
027 200 2556

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Agent Contact Details

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 & Angela 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 am the former owner of a rental property situated at 9 Moa Place, Tokoroa. In January 2015 I placed this property on the market and listed it for sale with an estate agent in Tokoroa. After around three months I was forced to remove it from this agent as there had been little interest, the fees were high and I needed a quick sale.

I contacted Wayne Dickson about selling my property and his reply was prompt and professional. Wayne talked with me about a price and sale that would work with my own requirements and it was clear that what I wanted was what he sought, he made me the priority. After agreeing to terms Wayne sought about selling my property.

Wayne achieved this in a timely and efficient manner. What the Estate Agent has failed to do for me, Wayne was able to do in quick time. MY property sold for the amount I wanted it to sell for and the ease at which this was done amazed me. My lawyers were impressed with Wayne’s efficiency in regards to the sale and purchase agreements and there were no hiccups. The settlement date was even able to be brought forward to speed up the process.

What also made this sale great was that I was able to utilise Fiona Dickson who is Wayne’s wife. While the property was on the market Fiona managed to rent the property out for me at a high rent rate with good tenants. She became my Property Manager. The way that these two worked together was phenomenal and made it a “one stop shop” for all my property needs.

I would recommend both Wayne and Fiona for any property matters whether it be selling or renting the property. Their professionalism and commitment to their clients should be the envy of any local business.

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