[SOLD] Jump on the property ladder now - entry level investment

34a Pandora Ave, Sunnybrook, Rotorua - $160,350

If you only have a small deposit, this is a must see. Why purchase in a low-grade suburb and get low-grade tenants.

With a gross yield of over 8% in a good area, this is a MUST HAVE.


Highlights:

Property Features: 2br 1ba

  • Price: $160,350
  • Gross Yield: 8.4%
  • Capital Value: $139,000
  • Rental Status: Vacant possession
  • Rent Appraisal: $250-260p/w
    Verbal Appraisal - TBC in writing
  • Annual Rates: $2,148
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 90m2
  • Land Area: 1/2 share 1679m2

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Additional Information

Fully renovated brick and weatherboard two bedroom unit in a block of two. ( Other unit appears to be owner occupied) with an attached carport.

Situated in a "B' Grade area (Will attract great tenant but hard to get a good yield) close to good schooling and tucked away down a long driveway off a tree lined street. Other homes down the driveway are of very good quality. There is almost a feel of being in the bush when your tenants look outside their lounge window, with a bush view.

Each unit is separated by their own carport.

The unit is accessed from the front via a ranch sliding door. Upon entry is a lounge/dining area which is quite spacious for a unit with the kitchen at the rear. The unit has a high ceiling which gives a nice spacious feel to the property. The walls are well painted and in good condition and the carpets look almost new.

The kitchen has open exposed beams that seem to give height and light to the area. Along the back wall is an oven, Formica benchtop and stainless steel sink with plenty of cupboards, with slate coloured lino in good condition.

To the left of the kitchen is the back door that leads you into your internal access carport, the laundry and then out to your fenced backyard.

Down the hallway is a separate toilet, the bathroom which has been completely renovated and includes a modern vanity and has a shower over the bath.

At the end of the hallway the two sunny double bedrooms of similar size, their carpets and drapes both seem to be in good condition.

This unit has been kept in a very tidy condition and needs no major maintenance. The addition of a heat pump ($2500) will encourage tenants to stay through the cold Rotorua winters and just a little spruce up of the private backyard and driveway and you will have a tranquil setting and it will reflect the quality of the surrounding homes.

What more do your tenants need, sitting in their lounge and hearing the Tui's sing while paying you to live there.

Amenities

Good schools are a short distance away including Malfroy School, Westbrook Primary, and John Paul college just to name a few. A dairy, takeaways and hairdresser just a hop step and a jump away, and only a minute's drive to a petrol station and supermarkets.

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."