[SOLD] Cashflow and Equity in Manurewa

71 John Walker Drive, Manurewa, Manukau, Auckland - $588,860

Solid Opportunity in Manurewa Presenting Cashflow and 22k Equity


Highlights:

Property Features: 3br, 2ba

  • Price: $588,860
  • Gross Yield: Potential 5.5%
  • Capital Value: $385,000
  • Registered Value: $610,000
  • Equity: $22,000
  • Rental Status: Currently tenanted at $590 p/w
  • Rent Appraisal: $610 - $630 p/w
    Written Rental Appraisal available to potential purchasers
  • Annual Rates: $1,674
  • Estate Type: Freehold
  • Floor Area: 90m2
  • Land Area: 600m2

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Additional Information

This is a 1980's 3 bedroom, 2 bathroom home. Built from weatherboard/fibre cement, concrete tile roof and aluminium joinery. It has been well maintained, with the interior renovated approximately 6 years ago. The kitchen opens up to the lounge area which flows out through a ranch slider onto a timber decking area.

The second bathroom has access to outside, leading out to the large double garage/sleep-out which contains the garage along with 3 rumpus rooms, which are open plan to a lounge. The lounge also has a ranch slider leading outside - very spacious area. This is a fully consented addition, so you can feel safe in your purchase.

The section is fully fenced, flat and of an easy care nature. The driveway is fully paved up to the garage/sleep-out.

The property is currently tenanted at $590 pw, a shade under appraised market rent of $610 - $630, which represents a potential 5.5% gross yield. As well as that we have a registered valuation as the property sits today at $610,000, so there is $22,000 equity in the purchase.

This is a fantastic opportunity to achieve instant equity of around 22K and good cashflow, in this rapidly growing sought after suburb of Manurewa. This is sure to move quickly, so get in touch today to arrange a viewing and get the property under contract.

Amenities

All shopping essentials including: supermarket, post office and medical centre are located at 'Clendon Mall', only an 8 min Walk or 2 min drive.

Manurewa Pool and Leisure centre 9 min walk.

Proximity to Southern and Southwestern Motorways.

QV 71 John Walker Drive Manurewa Auckland 2102 Property Report 2016 05 18 140105765.pdf

Rates 71 John Walker Drive Manurewa Manukau.pdf

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

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Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.