Hillcrest,North Shore. Legal Home Income+ $1245Rental+ Land Potential+ Good Location!
2Houses 1Price!Home Income$1260Rent+ Land potential!
HIGH rental!New rental appraisal is $1260-$1300.Current discounted rentals for good tenants are $1245.Two sunny stunning houses(3bdrm+3bdrm),1 title, legal home income.
Very HIGH 4% rental return!(this area's average return is 3.35%). Repaying loan becomes so easy! To live in one house and rent out the other, it can support loan of $1.09Million or support loan of $1.03Million!(Estimates based on current rate)
Great location!Willow Park Primary school ( decile 9 ). Minutes walk to school, kindergarten, bus stop and shops. Close to CBD.
675sqm nearly flat land with the neat rectangle shape, which best for development! Mixed suburban. (Explore your 4 or 5 Terrace houses development potential. All the water connection points are handy).
Two houses each with SEPARATE power and water meters. Both are of brick and tile, beautiful timber floors, modern kitchens and bathrooms, fully fenced yards.
Front house has 3 double bedrooms, 2 lounges, 1 bathroom, 1 kitchen, 2 to 3 parkings, and floor area of about 100sqm. Back house has 3 bedrooms, 1 lounge, modern kitchen, 1 bathroom, 5 to 6 parkings,and floor area of about 80sqm.
Factual figures: CV is $1.33M(year 2017).Land value in CV is only 730K,which tends to be lower than actual, because local 400sqm land sells at 600K.Valuer’s valuation in April 2018 was $1.40M.
Can provide: Title, LIM (new), rental appraisal, valuation(yr 2018), nearby comparable sold houses.
This property has great potentials.
You can just enjoy HIGH rentals and see your capital grow fast.
Or, Subdivide existing two houses.
Or, Terrace house development.
Currently both tenanted by good tenants fixed till Oct. 2020 and can be flexible as per new owner's plan. Furniture and landscapes may differ from photos.
$1,638,600. Negotiable. Smart you should quickly secure this property with unbeatable value: high rental, and land potential!
Contact 0210792016 (Please mention “Lynden sell”).