[SOLD] Too Good to Let Slip
96 Clayton Road, Mangakakahi, Rotorua - $200,350
This tidy three bedroom house is situated on a cross lease section with a 1/2 share of 1011m2 (more or less) and is just too good to miss, but you will have to act quickly.
The house sits on a very sunny, flat section and is in a popular area with tenants. It is close to the city and all levels of schooling. There is nothing urgent to do here. The house has a remodelled kitchen and bathroom and there is a heat pump, carport and large garden shed. Two of the bedrooms are large double rooms and the third is a single. There is a separate toilet and large laundry area at the back entrance.
This is a very well-priced property for this location and proximity to the city. With a rent appraisal of $300 to $320 per week, a fast moving investor could be looking at a potential 8.3% gross yield. There are very few properties that come on the market around the $200K mark, that are in good condition, and in a good location without the stigma of some of the traditionally cheaper areas.
It ticks all the boxes, plus there is a very tidy tenant who would love to stay.
We have not got an answer on insulation as yet, so this may be something that needs doing in the next two years before the July 2019 deadline. Subsidies up to 50% are still available if the tenant has a Community Services Card and their health may be adversely affected by not having an insulated home.
The Rotorua rental market could be called the mental market at the moment. There is a huge shortage of rentals, particularly of tidy three bedroom homes, so what are you waiting for?
Email Maree today!
Great access to the city, on the main arterial route to town and on the city ride bus route. Close to all levels of schooling and zoned for Western Heights High School - Rotorua's only zoned High School.
Licensed Agent - REAA 2008
027 486 6146