Back 195 College Street
Off Market

195 College Street

West End Manawatu-Wanganui

3
1
174 m²
442 m²
House
Willie RoyWillie Roy, last sold this property on 06 September 2021 after 80 days on market.

Overview

Investors, Entrepreneurs and People with Plans...

Opportunity alert! If you're looking for a property to develop to create multiple income streams, or a home with versatile potential, then take a look at #195 College Street! The property layout features a residential 2-3 bedroom flat with separate entry at the rear of the property, and two retail shops on the street frontage. For someone wanting to run a business with high visibility while living out back, this property ticks the boxes. Previously run as a beauty and hair salon, the larger main shop at the front offers generous floor space with a small side area and generous back room. The small 2nd shop has had multiple usage in the past and can be run as a standalone retail space or as part of the main shop. The residence at the rear of the building is currently configured as a two-bedroom flat, but the versatility of the layout means the back room of the main shop could easily be converted into a third bedroom or additional living space if desired. The flat has been refreshed with paint, new lino in the kitchen and brand-new carpet. It has been successfully rented in the past, having never struggled for tenants, and would be even more appealing as a 3 bedroom if you changed the layout. Being in a great West End location opposite West End School and the Kiwi West Aquatic centre, it is a highly active part of town ideal for a thriving small business. Road parking is available directly out front, with two off-street parks at the rear of the property. If you are thinking a small retail store, coffee shop or a business where you could live out back or have some of your staff stay - the options are endless. Alternatively, you could use the entire building for your business (utilising the flat as office or consulting rooms), or just rent out the flat as is to cover costs while you prepare what you wish to do. Whichever way you cut it this is a bargain - in the current market the same money might only get you a small two-bedroom unit elsewhere - So do not delay, grab the opportunity while you can!

Features

3 bedrooms
1 bathroom
174 m² floor area
442 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in West End over the last 12 months, the estimated median property value of 195 College Street is $512.61k.

Median value
$512.61k
Estimated value range
$432.5k - $760k
Median days on market
27
Estimated value trend
-21%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in West End. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 195 College Street

2021
Sold
Undisclosed
Private Sale/Treaty on 06 Sep 2021 by Willie Roy, of Tall Poppy Real Estate - Manawatu

Happy sellers in West End

89%
89% of sellers in West End reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 22 reviews in West End over the last 12 months.

Local market activity for 3 bedroom houses in West End

In the last 12 months, 13 three-bedroom houses similar to 195 College Street, have been sold.

This represents a 62% decrease in three-bedroom houses sales when compared to the previous 12 months.

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