[SOLD] Cashflow Positive and Potentially Subdividable

42 Fairview Road, Western Heights, Rotorua - $230,810

Great tenant, renovated property with the potential to add value.


Highlights:

Property Features: 3 Bedroom, Potentially Subdividable

  • Price: $230,810
  • Gross Yield: Potential 7.6%
  • Capital Value: $142,000
  • Rental Status: $280 p/w
  • Rent Appraisal: $330 - 345 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,225
  • Estate Type: Freehold
  • Floor Area: 80m2
  • Land Area: 1012m2

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Additional Information

This is an absolute gem of a property, complete with an immaculate tenant who would love to stay on. Three bedroom hardiplank home with a corrugated iron roof in mint condition. The exterior is well painted and maintained with an attached carport on a full sized section backing on to a park complete with concrete driveway.

The Interior has been modernised and has a very pleasant aspect to the sun and views of Mt Ngongotaha. Access is through the quaint front door into a large open plan living area. The interior is well painted in a neutral colour with modern carpets throughout the living areas and bedrooms, and polished wooden floors in the hallway.

The lounge/kitchen area is spacious with a modern kitchen complete with stainless steel sink insert, dishwasher (not working), inbuilt stove and pantry. The carpets in the lounge are in good condition but are due for a clean. Heated with a heat pump and fully insulated. Beside the kitchen is a lovely dining area with French doors leading out to a wooden deck overlooking the backyard.

There are three double bedrooms each with good curtains and floor coverings.

The bathroom area has a shower over the bath and a glass screen door, pedestal vanity and toilet, it even has an extractor fan.

The back yard is fully fenced from the road and the house is situated towards the front of the section and there appears to be adequate room to access the rear portion of the section, add a garage for the front house and add an additional dwelling (subject to council consent).

This is a property that is selling for well below the price others are selling for in this market, and offers the potential to add additional cash flow and equity.

Call today for further information.

Amenities

Very convenient location, near all levels of schooling, zoned and walking distance to Western Heights High School, Day-care centres and is close to suburban shopping centres as well as being close to town and the bus route.

QV Property Report 42 Fairview Road Western Heights Rotorua.pdf

Rates File 42 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."