Fully Renovated, Great Location, Very Low Maintenance for years to come
9 Bonnie Glen Crescent, Ebdentown, Upper Hutt - $509,066
Cashflow Neutral to Positive, Great Growth Location, Fully Renovated means Low Maintenance Costs for years to come
This fabulous property has recently been cosmetically renovated which means its maintenance costs over the next 8-10 years will be minimal. It has been freshly painted inside and out, with all new bathroom and toilet fittings added, new carpet and flooring throughout, and the modernised kitchen looks great.
While it is growing in value for you, this property is sure to attract great tenants seeking a warm, clean, fresh, place to call home. Last year Upper Hutt grew 8% (that's $40,000 on a $500,000 property) and it is looking to do at least the same, if not more, this year. There is much growth in the area which is known for its skilled workforce in the key areas of manufacturing, prison staff and NZ Army staff with the Trentham Army base nearby. In particularly both the Prison and the Army base bring with them skilled people with families looking for great houses to rent for the duration of their contracts in the area.
Cashflow neutral for year 1 and then cashflow positive from there on in (on an interest only loan at 4.7 % with zero money down)
- 4 bedrooms (2 extra large, 1 standard double, 1 large single)
- 1 bathroom (bath and separate shower)
- Separate toilet
- Large separate laundry
- 1 single garage
- Large carport
- Large gas fire heating
- Gas hot water
- Fully fenced (with separate fully fenced area out the back)
- Fantastic location near the heart of Upper Hutt City
- Potential Gross Yield 6.3%
- Low ongoing maintenance costs
- Highly attractive to tenants in a market with very high rental demand from quality tenants
Builders report and council file available on request.
I personally own a property near this one and it has already been and continues to be, a great investment for me.
Please join me in investing and getting great returns in Upper Hutt City.
Please call Kelly on 027 518 2448 or email Kelly@iFindProperty.co.nz to find out more about this opportunity.
In its central Upper Hutt City location you can walk for 8 minutes to shopping amenities, supermarkets, medical services, takeaways, and public transport options (train and bus). All levels of schooling are very near by. It is just a few min drive away from SH2, with a short, off peak drive of 15 mins to Lower Hutt City and 25 mins to Wellington City.