464 North Road, North East Valley, Dunedin, Otago, 9010, New Zealand
Currently returning $820.00 a week, this sunny and warm home in a convenient and popular location has an excellent yield (over 7.5%) and would be a fantastic addition to an established portfolio or a great first investment property.
On offer:
•Recently renovated to a high standard
•A large 160m2 (+/-) total floor area
•Open-plan kitchen, dining and living
•Double glazing, heat pump and electric fire to keep warm in winter
•An elevated deck at the rear of the property to utilize and enjoy outdoor living during the warmer weather
•Situated far enough from ‘student-ville’ to avoid the Hyde Street parties but close enough to public transport for an easy commute to University
•Lovely rural views over the North East Valley hills
Not only appealing to investors, this property would a sensible first home. Be secure in the knowledge that the mortgage is covered by taking in a boarder or adult student in the self-contained area below, while you enjoy the run of the three bedroom, one bathroom household above. Properties offering such a positive yield or first home (with income) don’t come on the market often so don’t delay,
