1price 3houses!$1720 rent! Home Income in top area Milford in Westlake school zone.
HUGE rentals! New rental appraisal $1720 to $1820 a week. 3 LEGAL home and income houses(and/or units),1 title. Such a HIGH 4.6% rental return in this TOP area is rarely-found!(average rental return in this area is only 2.78%).
Top schools(Westlake boys& girls, Takapuna Intermediate).Central Milford, walk to Milford beach ,schools, hospital.It is just across the road to Westlake Boys high school.
710sqm zoned mixed Urban (terrace house possible).
To rent out all for HUGE rental, or live in one house and rent out other two to easily support loan of $1.55M or $2.98M!(Estimate at current rate).
3 legal income houses(and/or units) have SEPARATE power and water meters. The back house has lake and Rangitoto views,2 level house,4 bedrooms, 2 bathrooms, floor area of about 100sqm. Front house has two units inside(both 2bedroom).Floor areas are 80sqm and 60sqm(Est). One unit is in average condition and some TLC can make this hidden diamond even more shining. But if just rent out as it is, you can still harvest great rental.
Factual figures:CV is $1.38M (yr 2017). Council under valuated it by missing out value of 2 houses: Value of improvements (houses) shows $180,000, which was not enough value even for one unit. Valuation in 2017 was $1.785M. This is to clarify any possible misguiding by mistakes and foggy figures.
Available:Title,LIM(new), New rental appraisal, Valuation(2017),nearby comparable sold houses.
Great potential are yours:
1).Enjoy this goldmine HUGE rentals and watch your capital growing.
2).Expand/Renovate to add value & higher rentals.
3).Explore the potential of this urban zone land.
Unit 1 has good tenants on fixed term till Feb.2021. Can be flexible for new owner. Furniture and outside landscapes can differ from photos. Too many rooms and photos, so only upload some here.
$1,946,600.Negotiable.Smart buyer can identify this gold mine and be hugely benefited!(Pls compare nearby similar sold properties to see this property’s outstanding value)!
Contact 0210792016. (Pls mention “Milford sell”).