[SOLD] Excellent Starter Investment with $10K Equity

Silver Creek Road, Weymouth, Manukau, Auckland - $510,089

Vendor's loss, your gain with this hands off low maintenance investment!


Highlights:

  • Price: $510,089
  • Gross Yield: 4.8%
  • Capital Value: $280,000
  • Registered Value: RV - $520,000
  • Equity: $10,000
  • Rental Status: $480 p/w
  • Annual Rates: $1,416
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 80m2
  • Land Area: 1/2 share of 781m2

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Additional Information

Built in the 1980's this attractive looking property consists of 3 good sized bedrooms which surround a separate large bathroom and laundry which includes a tub. There is an entrance out from the laundry stepping down onto a paved area leading over to the clothes line (great for your tenants in the winter) and a single lock up garage. The front entrance of the property is via an inviting deck which is perfect for your tenants morning coffee in the sun. This takes you into the lounge/dining and kitchen area which are open plan, with the kitchen providing plenty of bench and cupboard space.

All the hard work has recently been done including brand new kitchen, new bathroom, new carpet, drapes and re-painting of the interior and exterior. The property has ceiling insulation, smokes detectors and is alarmed.

Outside you have a neat and tidy fully fenced back and front yard. There is also a gate built into the fence suitable for parking extra vehicles on the front lawn.

The property has already been happily tenanted at $480 p/w, leaving not much to do other than buy and hold. With a recent full renovation, the house having aluminium joinery and concrete tiled roof should leave minimal maintenance costs when working out the numbers.

Amenities

Everything within close reach being - 2 minute drive or 15 minute walk to:

Shopping Mall which includes: supermarket, medical centre, butchery, warehouse, post office and all other essential shopping.

Bus Stop within close walking distance and local schools within 2km.

It is approximately 30 minutes drive to the Auckland CBD

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

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This property is SOLD
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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.