15 Munro Street, Elgin, Gisborne, 4010, New Zealand

FIRST HOME BUYERS : BEAT THE RENT TRAP … Home ownership beats renting anytime. In a market where rents are “through the roof” and interest rates at a record low – the time has never been better to seriously consider cashing up your Kiwisaver/HomeStart Grant and getting a starter home. With the rent you are paying now, you could easily be enjoying all the benefits of home ownership with this property instead.

INVESTORS : CRUNCH YOUR NUMBERS … what rate of return are you seeking to add a solid returner to your portfolio. Current market rent is assessed @ $360 – $380 . There continues to be strong demand for housing in Gisborne, and this one would be an easy number cruncher. 1960s concrete tile roof, weatherboard cladding and timber sturdy construction AND, with a recent make-over; you can’t go wrong.

With the owner occupier having now moved on, this entry level starter has all the basics for you, and is move in ready.