Whether stepping onto the property ladder for the first time or adding to your investment portfolio it's hard to imagine a better opportunity. The real bonus here is that this classic three bedroom 1950's weatherboard home has a separate one bedroom flat which is currently rented out for $350 per week. As an investor, to have two separate income streams (the main house has a rental appraisal of $610 - $630 per week) from one property helps make the numbers stack up and as a first time buyer you have the assistance of the flat to help pay the mortgage. Talk to your bank but I'm sure this will be an attractive, affordable proposition.
The main home retains some of its original character while leaving the new owner the opportunity to modernise and although there is no garaging, there is plenty of off street parking. The once utilised garage now makes for ideal storage or a workshop.
This is your opportunity to purchase a property in the heart of Tauranga's hidden gem. Close to Cameron Road with their banks & supermarkets, the Brookfield Shopping Centre and local schools of all levels while being handy to public transport. For recreation you'll enjoy the short walk to access the harbour boardwalk if you're into walking, running or cycling and the expressway is nearby to head downtown or for a swim at the main Mount beaches.
A home with so much to offer is going to attract the attention of buyers with an eye for opportunity and location. Call Steve or Clare today for more information or to arrange a viewing if you can't make one of the open homes.
Property ID:
EGT20648
Legal Description:
Lot 1, DPS 62789
Year Built*:
1950-59
Exterior Construction:
Fibre Cement, Weatherboard - Timber
Roof:
Corrugated Iron
Joinery:
Timber
Land Area:
503 square metres (approx)
Bedrooms:
4
Chattels:
Fixed Floor Coverings, Curtains, Light Fittings, Stove - Freestanding Electric, Heat Pumps x 2
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.