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Description
This five-bedroom villa is sitting on a 476m2 section with a spacious open plan kitchen living area, good-sized bedrooms, 1 bathroom plus separate toilet and car parking.
Occupied by the same reliable tenants since January 2022, the rental income has climbed incrementally from the original rate of $600 per week when they first moved in, to the current rate of $700 per week ($140 per room).
Similar properties in the area that have been completely renovated are commanding upwards of $185 per room. The potential for increased returns is obvious.
With high density accommodation right next door there is also the option to eventually try and obtain a resource consent to knock the house over and maximise the full potential of the site.
