Options Galore
A little rough around the edges it may be but look past that and you will see a property that offers options galore. With three dwellings on one title you may want to explore the potential income stream here, whether as a long-term rental investment or with a view to development further down the track.
For extended families looking to live 'together but separate', this is a fantastic opportunity to enter the market at a level that won't break the bank. The main structure offers two dwellings, each with two bedrooms, whilst a very tidy one-bedroom cottage stands apart.
Set down a private driveway on an 802sqm (more or less) section with Pillans Point School a very easy stroll away and bus stops handy to the home, this Otumoetai location is hard to fault.
With two of the dwellings having established tenancies currently in place and tenants keen to remain, investors will appreciate the potential returns on offer.
A little bit of effort is required to realise the potential here, but you might expect that effort to be well rewarded indeed. This may just be the most interesting proposition to cross your path in a very long time, don't miss this unique opportunity!
Property ID:
EBT14434
Legal Description:
Lot 1, S 6510
Year Built*:
1980's
Exterior Construction:
Fibre Cement, Weatherboard - Fibre Cement
Roof:
Corrugated Iron
Joinery:
Aluminium
Land Area:
802 square metres (approx)
House Area*:
200 square metres (approx)
Bedrooms:
5
Chattels:
9 Milton Road – ‘back flat’ Blinds, curtains, fixed floor coverings, electric hob, under bench oven, rangehood. 9A Milton Road – ‘top flat’ Curtains, dishwasher, fixed floor coverings, light fittings, free standing electric stove, TV aerial, smoke detector. 9B Milton Road – ‘bottom flat’ Fixed floor coverings, light fittings, free standing electric stove, rangehood (not ducted).
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
Mortgage Calculator
Your minimum repayments
This calculator is intended as a helpful tool to provide you with an estimate/illustration only. Usual bank lending criteria, terms and conditions will apply to any offer of finance obtained from the banks and interest rates are likely to be subject to change.
Close
My EVES property