Is your son or daughter heading to university? Or are you looking for a high-yield investment with strong rental income?
This could be worth a closer look.
Just a 5-minute walk to the University of Waikato, this low-maintenance property offers four generously sized bedrooms, each with its own ensuite, giving tenants privacy and convenience.
All four rooms are currently rented at $235, $235, $240 and $245 per week, providing a total rental income of $955 per week, or approximately $49,660 per year.
There is also potential to increase the rental income to around $1,080 per week, based on the rental appraisal. That would provide approximately $56,160 gross income per year
The shared open-plan kitchen, dining and living area provides a practical space for tenants to relax and socialise, with a private deck opening from the living area. The kitchen includes a wall oven, cooktop and dishwasher, while a heat pump provides year-round comfort.
Built with brick and aluminium, the property is easy to maintain and well suited to investors, parents looking for university accommodation, or anyone wanting a strong-income rental.
With the University of Waikato, Hillcrest shops, cafes and public transport all within easy reach, the location is a big part of the appeal.
Four bedrooms. Four ensuites. Five minutes to Waikato University. 7%+ potential gross yield.
Do the sums - this is an investment worth checking out.
Contact us to arrange your viewing.
Copy & paste this link to view Property Information: https://vltre.co/CY4vfL
AI Image Enhancement:
Some photos have been digitally enhanced using AI to improve lighting, colour, and image quality. No structural changes have been made.
