Central Home & Income with potential

16 Riddlers Cres, Petone, Lower Hutt 5012, New Zealand
SOLD

Description

16 Riddlers Crescent, Petone, Lower Hutt


This is your chance to secure a high-yield investment property in a sought-after area with plenty of potential to add value. The main house (3 bedrooms) is currently rented for $580 per week and the separate 1 bedroom flat is rented for $280 per week. Showing a healthy combined return of $860 per week (with potential to improve).

16A (the main home) is a light, open, charming character home and while it needs work on the outside, it has sought-after features inside. The kitchen is modern, there is a dishwasher, heatpump and a spacious lounge.

The separate 1-bedroom flat (16B Riddlers Cres) is also light and sunny and with the recent interior decorating it looks very appealing.

Key points to consider:

  • Home & income option. Looking for your first home? Why not live in the flat and have your mortgage taken care of by the $580 per week income from the main house? Or live in the home and enjoy the $280 per week income from the 1 bedroom flat.
  • Multi-income (rent out both). With 2 x rental streams, your cash flow is more dependable as you are unlikely to ever have both flats empty at the same time.
  • Single level design. Homes on one level are cheaper to maintain, you need less scaffolding and you can do more work yourself (if you wish to). This one definitely needs attention on the outside, an ideal summer project!
  • High Walkscore location. This property scores 75 on the Walkscore website test, meaning most errands can be accomplished on foot. Ideal for attracting high-quality tenants.

A LIM report is available to download and a builders report will be provided in due course. Scroll down to take a virtual tour of this property. Our owners invite your interest.

RV: $600k
Rates: $4,418.59
Rental appraisal: $860 – 915 per week (currently returning $860 per week)
Tender: Closes 2pm, Wednesday 25th September 2019


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Thinking of selling? Let us help you save some time, order your free quote request online at https://relatable.co.nz/request-a-quote/

360° Virtual Tour

Video

Detail

Updated on October 13, 2019 at 11:36 pm

  • Property ID: REL0572
  • Price: SOLD
  • Property Size: 126 Sqm
  • Land Area: 417 Sqm
  • Bedrooms: 3+1
  • Bathrooms: 1+1
  • Garage: 1
  • Garage Size: single
  • Year Built: 1910-20
  • Property Type: Home and income
  • Property Status: Sold

Additional details

  • RV: $600,000
  • Rates: $4,418.59
  • Tenure: Freehold

Contact info

Andrew Duncan
Andrew Duncan
0274286686
Facebook

Inquire about this property

  • Address: 16 Riddlers Cres
  • City: Lower Hutt
  • State/county: Wellington
  • Zip/Postal Code: 5012
  • Neighborhood: Petone
  • Country: New Zealand

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