Home and Income - Offers Invited Over $575,000

Unlock the potential of this 4-bedroomed home and income, with many of the fundamentals in place, this sun filled home, built in the 1920s, configured as 2 separate rental streams, currently returning over $63,500 per annum.

This property will be of particular interest to builders, property investors, tradespeople, and skilled handymen, as the house has isolated areas of unconsented work, and is therefore being sold in an 'as is, where is' condition.

Your efforts will reap great rewards, and this property is screaming for you to give it some love and capitalise on this unique opportunity. Our Vendors are realistic in their expectations due to the unconsented work; however, with concrete foundations, beautiful lead light windows, and lovely native timber upstairs, you're off to a good start.

Upstairs comprises:
2 double bedrooms, master with built-in robe
Sunny north-facing lounge, beautiful bay window, and ornate fireplace. Currently configured as a third bedroom
Modern, tiled kitchen, with Rimu ceiling and floors
Separate dining room, with heat pump, and panel heater
Sunroom/office/nursery
Recently renovated tiled bathroom/laundry
Native timber floors, skirtings, and architraves
Sunny, large, fully fenced section
Upstairs may have unconsented work relating to the kitchen and bathroom areas

Lower flat:
Large master bedroom
1 double bedroom
Sunny lounge/dining room, which leads out to the front section
Compact galley kitchen
Bathroom, with shower over the bath, and WC
Downstairs may have unconsented work relating to the bathroom area
Our instructions are clear - this property must be sold, so do your homework and don't let this great opportunity pass you by - call me now.

Tender Closes: 1pm, Wednesday 22nd May 2024 (not selling prior)

Offers Invited Over $575,000

Rateable Value: $1,180,000
Rates: $4,870.86 pa