[SOLD] Subdivision Potential - Tidy Three Bedroom Family Home

31 Fairview Road, Western Heights, Rotorua - $241,040

Don't wait......tidy three bedroom home on a large subdividable section.


Highlights:

Property Features: 3br / 1ba / 1gar / Subdividable

  • Price: $241,040
  • Gross Yield: Potential 7%
  • Capital Value: $162,000
  • Rental Status: $310 p/w
  • Rent Appraisal: $330 - $350 p/w
    Written Appraisal to potential purchaser
  • Annual Rates: $2,290
  • Estate Type: Freehold
  • Floor Area: 100m2
  • Land Area: 1012m2

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Additional Information

Potential plus with this tidy 3 bedroom home constructed in easy care fibre cement with a corrugated iron roof. Added bonus is the huge backyard that backs onto Western Heights High School.

This property comes complete with a single garage with aluminium joinery plus an area at the rear which is the workshop/laundry with a stainless steel tub.

Access is through the front door into an open plan lounge which is warmed by a heatpump, great on those cold nights. An aluminium ranch slider opens out to a large sunny wooden deck area looking out over the backyard. The current tenants just love it.

The kitchen is original and has plenty of cupboard space, a large pantry plus hot water cupboard. There is a formica benchtop as well as a stainless steel bench; both are in good condition, the kitchen is open plan with the sunny dining area. Another door opens out to the side of the property.

Down the hallway is the bathroom which includes a bath, separate shower, fan, and a vanity, all in good condition with a separate toilet area. Two double bedrooms both with double wardrobes and one single bedroom, all bright and sunny and well maintained. This is a good sized house, however there is a lot of wasted space in the hallway and entrance areas.

This property is well maintained, very neat and tidy. The curtains, lino and lighting are in good condition. The carpets are also tidy but by the ranch-slider there is a little wear from sun damage as it is such a sunny room.

The added bonus is the large subdividable site. The current owner has investigated the possibility of adding another dwelling or perhaps a relocatable to the site. Estimated cost $92-$150K. The garage would need to be sited elsewhere but it is certainly achievable. There is a shortage of rentals in Rotorua so another income stream would be in hot demand.

LIM, building report and council subdivision information is available for this property.

Amenities

Schools are all close by with Western Heights Kindergarten, Kaitao Intermediate and of course Western Heights High School only over the fence. The city is only a few minutes drive to get to, so it makes this a great location and popular with families.

QV Property Report 31 Fairview Road Western Heights Rotorua.pdf

Rates File 31 Fairview Road 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."