Trentham 3/8-10 Tawai Street

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Sold

Sold
$130,000

What a Mess but What a Return! 8.0% Gross Potential

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This property needs some tender love and care to bring it up to its true potential, but that's why the BEO price is set so much below RV!

Investors

Are you looking for an affordable investment?

All it needs is a little paint job and carpet and you could potentially rent it out for $230 per week! Estimated cost of $5000 for carpet and paint.

The property is currently returning $200 a week so please clean it up and bring out its true value. The return is based on the BEO price.

First homebuyers

You can now actually purchase a Wellington home without spending 300k+
This property is located in a really good part of Trentham, it is only 8 min walk to the Trentham racecourse and train station. There is also a bus stop conveniently located near the property. Wellington is only 40 minutes away by train, and 30 minutes by car.

So in summary:

It won't break your bank.
8 min walk to the train station or Trentham racecourse.
Potential 8.0% gross return.
My instructions from the vendor are very clear, this property needs to be sold now.

The deadline for all offers ends on 3pm 14/June/ 2014.