Pick Me for Location and Potential

This 3 bedroom 1950’s home is in a sought after location and with some very original features, is ready to be transformed or can be lived in as is.

Currently tenanted, it’s a great opportunity to buy your first home (90 days settlement required unless tenant vacates earlier), start a new project or add to your investment portfolio.

Current market rent appraised at $360-$380 per week in it's current condition (potential yield over 5%). Once renovated, approximate rent expectations of $460-$480 per week.

Savvy investors/developers or owner-occupiers will identify the possibility of adding a minor dwelling on the top part of the section creating the opportunity to earn more income. (subject to buyer due diligence and council approval).

Set on an elevated site with views over Whanganui High School, this property has a private sunny deck which is just the right size for your BBQ and some comfy outdoor furniture where you can relax in the summer time and beyond.

The lounge has a heat pump to keep you warm throughout winter and cool in summer and the classic 1950’s kitchen has space for all of the essentials.

With 3 bedrooms and a bathroom with shower, toilet and vanity, this property provides an opportunity to secure a house in a good location and do some renovations to add value. New home owners might like to save up and go room by room replacing carpet and adding a coat of paint, or you might like to do a larger renovation before you move in.

Located just opposite Whanganui High, there will be no excuses for kids being late to school. Very handy to the Whanganui Hospital and city centre too.

Please make sure your finance is pre-approved so you know if this opportunity is right for you.

Please contact Rochelle Burton for viewing times and more information, or for a copy of the LIM report and other documentation for this property.