Two separate homes. One title. Established income from day one.
Currently returning a combined $1,060 per week, this property delivers a gross yield of approximately 6.65%, with plenty of potential still to unlock.
The main home offers three bedrooms and one bathroom, along with a separate double garage. The second dwelling provides two bedrooms, one bathroom and its own single carport.
The minor dwelling and garage have also benefited from a new roof, taking care of one of the bigger-ticket items.
Are they polished and perfect? No. And that's where the opportunity lies.
Both homes have been solid rentals for many years, with clear scope to add value through fresh paint, new flooring and general updating. Improve them now, work through them over time, or continue with the existing tenancies while you make your plans.
For investors, the established income and two separate dwellings make the numbers worth a closer look.
For first-home buyers, living in one home while receiving income from the other could provide a different pathway into property ownership. For extended families, two separate homes offer the opportunity to live close while still maintaining your own space.
After years of property investment, our vendor is rationalising their New Zealand portfolio and is committed to seeing this property sold.
Two homes. Established income. Further potential.
Bring your ideas. Bring your calculator. Come and take a closer look.
