** BUYER ENQUIRY OVER $720,000 **
After 38 years with the same family, this much-loved property is ready for new beginnings. Offering a genuine dual-living setup with two self-contained flats, it's perfect for first home buyers looking to ease mortgage pressures, extended families wanting their own space, or investors seeking a solid return in a prime Johnsonville location.
Each flat features two bedrooms with built-in wardrobes and bright, open-plan living and dining areas that enjoy excellent sun. The downstairs flat includes a sunny balcony off the living space, ideal for relaxing at the end of the day, and a modernised bathroom with a fresh, contemporary feel. Upstairs mirrors the lower level with comfortable open-plan living, and a bathroom with shower over bath, perfect for families or tenants. Both units include laundry facilities within the bathrooms, a heat pump for year-round comfort, extractor fans, insulation, and are move-in ready.
With a Buyer Enquiry Over $720,000 and rental appraisals of $500–$570 per week per flat, the combined projected rent sits at $1,000–$1,140 per week, giving an impressive 7.2%–8.2% gross yield — a rare find in today’s market. Whether you’re looking for a strong hands-off investment or planning to live in one unit and let the other significantly offset your mortgage, the numbers speak for themselves.
The property offers plenty of off-street parking, and the generous section presents potential for further development or future enhancements. Positioned close to schools, shops, public transport, and all the amenities Johnsonville has to offer, this is an opportunity not to be missed.
Live in one, rent the other, buy with friends or family, or add this proven performer to your investment portfolio — the options are endless!
*Source of information: Property Guru, Nexus, Wellington City Council (non-verified).
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