[SOLD] Stunning Edgecumbe Duplex, Magnificent Renovation Match Magnificent Views

41 Puriri Crescent, Edgecumbe - $266,615

Sunny block of two. 2 bedroom units with magnificent rural views and easy accessibility to Whakatane and surrounding areas.

Popular with tenants and surrounded by good quality homes.


Highlights:

  • Price: $266,615
  • Gross Yield: Potential 9.3%
  • Capital Value: $205,000
  • Rental Status: Vacant (Unit 1)
    $220 p/w (Unit 2)
  • Rent Appraisal: $210- $230 p/w (Unit 1)
    $230- $250 p/w (Unit 2)
    TOTAL: $440 - $480 p/w
  • Annual Rates: $4,252
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 130m2
  • Land Area: 1001m2

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Additional Information

One of the nicest blocks of units I have ever seen.

Unit one has been completely renovated from top to bottom with fresh light grey paintwork, new carpet (dark grey) and cream drapes, brand new kitchen, new bathroom and new laundry.

This unit is so well presented it looks like a brand new show home, tenants will be queuing up to move in here. The unit boasts spacious open plan living/dining area with ranch sliding doors onto a large wooden deck overlooking neighbouring farmland.

One double bedroom and one single bedroom completes the picture. The bathroom has curved glass shower, a modern vanity and toilet.

Unit two is in tidy but original condition, is a mirror image of unit one. The tenant has lived here for several years and would like to stay on.

This unit could also be renovated to the same high standard and rent could be increased even further. The unit has a large wooden deck overlooking farmland.

The section is well maintained and each unit has a carport and storage shed area. The units are situated down a driveway shared by one other high quality home and they both have private outdoor entertaining spaces.

Amenities

These units are in an affordable location within walking distance to schools, shops and amenities. Local business's are Fonterra, Packhouse as well as industry in Kawerau. Whakatane is about 10 minutes drive away.

Edgecumbe is a popular and affordable area to rent and property managers who know the area well say there is a shortage of rentals available.

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."