House for Sale
- About this property
Attention Investors - Over 8% Return!Property ID NEL21367This is not a typo! Treble checked the maths and it's right, over 8% rental yield! Fantastic return at $700 per week will start a 'run on the bank' at this rate. This well maintained property offers two separate dwellings in a prime location within easy walking distance to Nelson city.
It's perfect for an investor or a first time buyer who wants income from renting a self contained separate flat. This two up, two down property has it all. The upstairs flat has two double bedrooms, open plan living with a new designer kitchen, bathroom, new carpet and covered veranda. Currently rented for $365pw. The flat below offers a large open plan living kitchen, dining and living room, bathroom and two very large double bedrooms. Fully fenced, gravel yard with vege gardens, make it a quiet, sunny, pleasant and no maintenance space. Currently rented at $335 per week on a fixed term until 1st December 2017.
My vendor has looked after this property and enjoyed the great rate of return on both rentals. Remember that weekly return is $700 per week. Many savvy buyers and investors know what they want, but it's rarely available. It is now and look at what's on offer - two separate self-contained dwellings, great location, sunny and private, dairy 50m away, playground reserve only a stroll away, very popular rentals, low maintenance, 3+ car spaces - puts a tick in all the boxes doesn't it? Investors dream!
You have options here, live in one and rent the other to pay your mortgage or keep both as rentals. The choice is yours, but don't hang around, this one will fly.
ParkingOff Street Parking
InteriorOther Rooms Family Room Hot Water Electric / Gas Kitchen Modern / Standard Bathroom Separate Bathrooms / Separate WCs / Combined Bathrooms Interior Insulation: Top & Bottom / Joinery: Aluminium Interior Condition Excellent / Very Good Features Decking Floors Two Storey Heating Heat Pump
ExteriorBase Pole Fencing Fully Fenced Roof Colour Steel Exterior Hardiplank Exterior Condition Good Frontage Street Levels Level With Road Amenities Transport / Shops Water Extra Features Town Section Contour Sloping Sewage City
ChattelsBlinds, Curtains, Extractor Fan, F/Floor Cover, Garden Shed, Garage Door Opener, Heated Towel Rail, Light Fittings, Rangehood, Stove, Cooktop Oven
OtherBuilt-In Wardrobes, Close to Schools, Close to Shops, Close to Transport, Terrace/Balcony