[SOLD] Why are you Waiting? Great Yield, Great Tenants!

50 Russell Road, Koutu, Rotorua - $172,475

Get your portfolio started, yields like this for decent homes, are hard to come by.

Nothing needs doing, plus with amazing tenants that will treat your property like their home and really want to stay on.


Highlights:

Property Features: 3br 1ba

  • Price: $172,475
  • Gross Yield: Potential 8.6%
  • Capital Value: $109,000
  • Rental Status: $240 p/w
  • Rent Appraisal: $275 - $285 p/w
    Verbal Appraisal - TBC in writing
  • Annual Rates: $2,045
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 80m2
  • Land Area: 1/4 share 2344m2

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Additional Information

Tidy group style home with three bedrooms hardiplank exterior with an iron roof in a very tidy condition throughout. Access by ranch slider into a sunny lounge with a compliant Kent fire to keep everyone warm in winter. Paintwork and carpet are in good condition throughout the home.

As is usual for these homes the lounge/dining and kitchen are open plan. The kitchen overlooks the backyard and is in a tidy condition. Value could be added in the future by refacing the cupboard fronts to give the kitchen a modern look. The current joinery is original but is functional. The flooring is lino and has plenty of wear left in it but would look much nicer if it was replaced one day in the future to go with the new cupboard fronts. There is an added bonus of a range hood over the stove. There is a dent in one of the interior doors.

The bathroom is spacious and bright with a shower over the bath, modern vanity and toilet, all in reasonable condition.

Each bedroom is a double with neutral coloured walls, good carpet, paintwork and drapes and with its own built in wardrobe.

The section is fully fenced and tidy, the current tenants are keen gardeners. A double carport is provided for covered off street parking.

Mature couple are extremely worried about having to move out of the home they have lived in for past two years. They are currently painting the fence for the landlord and love gardening. What more could you ask for?

Even though this is a crosslease property is has a lovely private feel about it and has its own private access overlooking the Ngongotaha Rail Trail.

This is a very pleasant rental property on a good sized fully fenced section that will be in hot demand on the rental market.

Amenities

Handy to new supermarket and numerous schools.

This home has the suburb Koutu but is possible the first house from Fairy Springs and is centrally located to head west to Fairy Springs Road business areas or east into the CBD.

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."