[SOLD] Family Friendly Home and Income

5 Liane Place, Mangakakahi, Rotorua - $338,225

Home and Cottage on one title. Cash flow positive and will attract a great family as the area is popular with tenants.


Highlights:

Property Features: 3brm plus 1brm

  • Price: $338,225
  • Gross Yield: 8.1%
  • Capital Value: $203,000
  • Rental Status: Vacant
  • Rent Appraisal: $530p/w
    Written Rental Appraisal available to potential purchasers
  • Annual Rates: $2,259
  • Estate Type: Freehold
  • Floor Area: 110m2
  • Land Area: 1184m2

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Additional Information

A great family home with room for Nana or rent separately to two groups. Tenants delight with a GREAT yield for this area.

This sunny weatherboard property with iron roof is nestled at the end of a quiet cul-de-sac on a 1184m2 section and has the bonus of an extra dwelling (cottage).

Very tidy 3 double bedrooms with a spacious lounge (heated by heat pump) that has a large conservatory off it made of aluminium joinery that opens onto a decked area with also a private BBQ area. Interior is very tidy and well painted, add value in the future by painting a neutral colour!

Kitchen has plenty of cupboards with stainless steel bench/sink and modern oven, modern bathroom with a shower over bath and tidy vanity, separate laundry. The lino, carpets, curtains and modern light fittings are in good condition throughout the home. Potential rent $330p/w.

Single Garage has a lined room off to the side (potential extra sleeping or hobby room with a bit of a revamp.) along with a carport attached to the house, and plenty of off street parking. There is a power switch in the garage but not sure whether there is power.

This is a well maintained property that is ready for your tenants to just walk into. The exterior has some minor painting required and once again add value by changing the colour scheme.

COTTAGE - The extra bonus is this tidy self contained cottage.

1 double bedroom, bathroom with separate shower and vanity and laundry taps. The kitchen has a Formica bench with a bench top stove, and an open bright sunny lounge. The house is really tidy but once again a neutral paint colour would give it the wow factor.

There are separate power meters for each dwelling. Potential rent $200p/w.

So don't delay as properties that have two dwellings for this price are snapped up quickly as they are becoming hard to find. Nothing needs doing as the property is already at a high standard. So what are you waiting for, this is a great investment.

Amenities

Liane Place is a quiet cul-de-sac in easy walking distance to many schools.

Schools: you are in the zone for are Western Heights High School, and not far from St Michaels Catholic School, Kaitao Intermediate, Aorangi School, just to name a few, along with the NZ Sports Academy.

QV Report 5 Liane Place Mangakakahi Rotorua.pdf

Rates File 5 Liane Place Mangakakahi 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."