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29 Grosvenor Street

Cambridge Waikato

4
2
4
120 m²
759 m²
House
Currently for sale - view listing

Overview

Fantastic Returns in a Great Location

Here's a fantastic opportunity for savvy investors. A great returning 2 x income property with huge potential to maximize returns and add future value. Both properties are currently tenanted, with both tenants' indicating a desire to stay on. Current scheduled rent increases have been delayed while the property is on the market. 29 is a Spacious 1960's 3br 1bathroom home. Large double garage, with attached sleepout/office. Current Rent $520pw with a scheduled increase to $570pw 29a Is a 1br fully self-contained 1br Unit, with its own off-street carpark and most furniture, whiteware and appliances included. Current Rent $370pw with a scheduled increase to $420pw Total Current per week $890pw Scheduled Increase to $990pw Opportunities to secure a property with this much flexibility are rare. This truly versatile setup lends itself to a multitude of different configurations to suit your individual needs. The front house is a Spacious 1960's home. Featuring 3 good sized bedrooms, separate lounge and a family sized kitchen and dining. The main bathroom has a separate shower and bath plus a DVS and heat pump are on hand to ensure comfortable year-round living. The real bonus is the standalone, fully self-contained 1 bedroom unit. The unit features a heat pump, sizeable open plan living, dining, and kitchen area, with a separate double bedroom and ensuite bathroom. The site also boasts a large double garage with auto opener, plus an attached sizeable space (permitted as a habitable) and could be utilized as a 4th bedroom, home office or hobby room. There are huge opportunities here in a highly sought-after part of the Cambridge community & handy to all levels of schooling, the lake and CBD. Our out of town vendors are keen to get moving, so a comprehensive property file is available. Due to long term tenants, we do have limited access, so Call Terry Watt today for more information and to discuss your needs.

Features

4 bedrooms
2 bathrooms
4 carspaces
120 m² floor area
759 m² lot size
House

Happy sellers in Cambridge

73%
73% of sellers in Cambridge reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 173 reviews in Cambridge over the last 12 months.

Local market activity for 4 bedroom houses in Cambridge

In the last 12 months, 106 four-bedroom houses similar to 29 Grosvenor Street, have been sold.

This represents a 3% increase in four-bedroom houses sales when compared to the previous 12 months.

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