[SOLD] Immaculately Renovated with Great Yield

37 Resolution Road, Welcome Bay, Tauranga - $496,790

OPEN HOME: Sunday, 20th November - 12.30-1.00pm

Immaculate 3 bedroom + rumpus room that can feature as a 4th bedroom, renovated buy and hold property with great yield in a desirable suburb of Tauranga


Highlights:

Property Features: 3br + Rumpus, 1ba

  • Price: $496,790
  • Gross Yield: Potential 5%
  • Capital Value: $296,000
  • Rental Status: Vacant
  • Rent Appraisal: $480 p/w (Verbal - TBC in writing)
  • Annual Rates: $2,002 p.a
  • Estate Type: Freehold
  • Floor Area: 108m2 (excluding rumpus)
  • Land Area: 681m2

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Additional Information

This 3 bedroom + rumpus room that can feature as a 4th bedroom property is perfect for those investors who are busy and want an easy property which is guaranteed to attract quality long term tenants. It was renovated for the owner's family to live in, however a change of circumstance meant they did all the work for someone else to enjoy. Recent renovations offer a low maintenance superior investment property - ready for tenants to move in immediately.

This unassuming home offers spacious living, new bathroom and kitchen (european appliances including dishwasher), new flooring, 3 double bedrooms (two with built in wardrobes, master has king bed) with the bonus of an extra rumpus room with separate entry (currently not permitted however can get code of acceptance with council) and recently painted exterior. Further renovations include heat pump, insulation, upgraded electrics, new fuse board to latest standards, fibre installed, infinity gas hot water system, LED lighting and fully fenced garden. It is built from fibre cement material and the roof is colour steel. Both good quality materials.

This is perfect for tenants with small families, with a nice rural outlook, family friendly street and surrounded by owner occupied homes. Tauranga has a strong pool of tenants seeking quality accommodation like this one. 

Two off street parks plus gated secure parking area with carport. Garden shed & covered workshop. Paved outside patio area which is positioned for excellent sun and smart new front fencing.

With a 5% potential gross yield, fully renovated property, low maintenance, current low interest rates, investors can enjoy strong growth of a neutrally geared investment.

Welcome Bay is an attractive area for couples and families with good schools in the area and only 12 minutes from the city. It has a rural feel, especially this property as it looks over the rolling hills and elevated farmland. Welcome Bay has seen an increase in rents of 7.5% and capital gains of 23.7% over the past year.

LIM available. Vacant possession.

Don't hesitate! Investigate! This property won't last long.

Amenities

12 minutes to Tauranga town, handy to schools, shops, walkways & all the Bay of Plenty has to offer.

QV Property Report 37 Resolution Road Welcome Bay Tauranga.pdf

Rates File 37 Resolution Road Welcome Bay Tauranga.pdf

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