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You don't need the mathematician skills of Isaac Newton to work out an investment property with a very good return. #58 Newton Place is a sound and solid proposition currently tenanted at $270 per week with an excellent rental history offering over 7% gross return. With interest rates currently so low a stand-alone home on its own title will be the perfect addition to your portfolio.
Not only will it appeal to investors - if you are a first home buyer, you should come take a look as well. Down the end of a private driveway with a decent sized single garage, the compact home is easily managed and offers three bedrooms, open plan living and a wood burner to keep the home cosy and warm.
For sale at $193,000 it won't last long so make a move quick and get your offer in before the Auckland investors hear about it!
Dining
Open plan
Kitchen
Tidy functional kitchen open plan with the dining area.
Bedrooms
Two doubles, one single.
Bathrooms
Shower over bath, separate toilet.
Laundry
Separate with toilet off it.
Garage
Single garage.
Outdoors
Small and easy care.
Rateable Value
$180,000
Rates: PNCC $1687.92 & Horizon $247.20
Entrance
The living area is kept warm by the wood-burner
Chattels
Electric Hob, Electric Oven, Fixed floor coverings, Light Fittings, Window treatments, Laundry tub - Common, Woodburner, Letterbox, Clothesline
Legal Description
1/8 Share 346m2 more or less Lot 9 DP: 68220
Legal Estate: Fee Simple
Lot: 5
DP: 68220
CT: WN37D/465
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Manawatu Franchisee and Salesperson
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