[SOLD] Great Buying - Potential 9.4% Gross Yield - Tidy Little Rotorua Income Earner

21B Steeles Lane, Western Heights, Rotorua - $159,350

Opportunity to grab this tidy, low maintenance house offering a potential 9.4% Gross Yield in a popular rental area.

Close to schooling and shopping areas - this deal won't last long.


Highlights:

  • Price: $159,350
  • Gross Yield: Potential 9.4%
  • Capital Value: $103,000
  • Rental Status: $250 p/w
  • Rent Appraisal: $270 - $290 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,030
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 80m2
  • Land Area: 1/2 interest in 991m2

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Additional Information

Seldom do you find such a tidy rental home in a quiet street (Kaka Street) showing a 9+% GY that requires nothing doing to it and has a great tenant in place who really wants to stay as her son attends the local school.

A sturdy three bedroom home situated on a very tidy half site and is in lovely condition, fully fenced, so safe for the kiddies and well maintained throughout.

Popular group style home of Hardiplank construction with corrugated iron roof on a small easy care section. Situated on the quiet dead end Kaka Street and within walking distance to popular Western Heights High School.

With three good sized bedrooms this is sure to be a hit with tenants as we have a shortage of tidy three bedroom homes in Rotorua. Access through the front door with the kitchen on the right and laundry area on the left, both well painted and in good condition. The kitchen overlooks the street. The kitchen joinery is original but in good condition with Formica bench tops.

A delightful open plan dining/ lounge area leads from the kitchen and appears to be situated for the sun. The interior is in good condition with neutral d├ęcor and carpets that appear in good condition. This lounge area could be improved with the addition of a deck to add a nice outdoor entertaining area. (I have an identical style home and can provide costing's and before and after photos if interested).

There is currently a wall mounted heater in the lounge however installing a heat pump would be popular with most tenants. Currently there is some insulation in the ceiling cavity but it may be worth investigating whether this needs to be improved.

A carport is located at the front of the property and the entire section is fully fenced and in tidy condition.

This is a great little rental in a popular rental area that has an easy care section, so it should be easy to find good tenants.

Amenities

Western Heights is one of Rotorua's largest and most popular rental areas, and provides easy access to the CBD and industrial & entertainment precincts of our city that provide much of the employment to the majority of this suburbs residents.

This property is near the new Fairy Springs Shopping Centre (with medical facilities) and an almost completed Countdown supermarket. The property is zoned for Western Heights High School, and all levels of schooling are within easy walking distance.

QV Property Report 21B Steeles Lane, Western Heights, Rotorua.pdf

Rates File 21B Steeles Lane, Western heights, Rotorua.pdf

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

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Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

Debbie has been wonderful to work with. She was professional, thorough and has an inside knowledge about the Rotorua market. On top of this she is willing to share her extensive knowledge with her clients as she is on the side of the investor."