For Sale

124 Cavell Street, Tainui, Otago

Asking Price $495,000

3
1
1
110 m²
478 m²

House

•

30+ days on the market

What's around 124 Cavell Street

Investor Opportunity

With a $590 per week rental income already in place - Fixed term tenancy until February 2027. Well located close to schools, local services and the beach, this versatile weatherboard home presents an appealing opportunity for investors looking for a property with scope to add value. Currently rented for $590 per week, with a fixed term tenancy in place for six months. The property provides an immediate rental return while offering plenty of potential for future improvement. The home would benefit from some updating both inside and out, giving an investor the opportunity to progressively enhance the property and improve its overall appeal and value. The flexible layout provides three bedrooms, with open-plan kitchen & dining and separate living. A spacious rear deck off the kitchen captures good afternoon and evening sun. Heating is provided by a heat pump in the living and in-built wood burner in the kitchen dining while the bathroom includes a shower over bath. The secure rear section features lawn and mature trees, along with a sealed barbecue area. Importantly, the roof was replaced a few months ago, providing a significant recent upgrade and added peace of mind. A well-established section and clear opportunity to add value through further improvements, this is a property for investors looking beyond the cosmetic and recognising the potential. An investment with an income today and the opportunity to create greater value tomorrow.

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