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124 Cavell Street

Tainui Otago

3
1
1
110 m²
478 m²
House
Currently for sale - view listing

Overview

Investor Opportunity

With a $590 per week rental income already in place - Fixed term tenancy until February 2027. Well located close to schools, local services and the beach, this versatile weatherboard home presents an appealing opportunity for investors looking for a property with scope to add value. Currently rented for $590 per week, with a fixed term tenancy in place for six months. The property provides an immediate rental return while offering plenty of potential for future improvement. The home would benefit from some updating both inside and out, giving an investor the opportunity to progressively enhance the property and improve its overall appeal and value. The flexible layout provides three bedrooms, with open-plan kitchen & dining and separate living. A spacious rear deck off the kitchen captures good afternoon and evening sun. Heating is provided by a heat pump in the living and in-built wood burner in the kitchen dining while the bathroom includes a shower over bath. The secure rear section features lawn and mature trees, along with a sealed barbecue area. Importantly, the roof was replaced a few months ago, providing a significant recent upgrade and added peace of mind. A well-established section and clear opportunity to add value through further improvements, this is a property for investors looking beyond the cosmetic and recognising the potential. An investment with an income today and the opportunity to create greater value tomorrow.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
110 m² floor area
478 m² lot size
House

Happy sellers in Tainui

66%
66% of sellers in Tainui reported that their sale price either exceeded or met their price expectations.

Tainui stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 17 reviews in Tainui over the last 12 months.

Local market activity for 3 bedroom houses in Tainui

In the last 12 months, 16 three-bedroom houses similar to 124 Cavell Street, have been sold.

This represents a 28% increase in three-bedroom houses sales when compared to the previous 12 months.

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