Legal Home & Income – 3 Bed + 1 Bed Potential to Subdivide & Add Value

Main House is a Solid Brick n Tile 110m2 3 bedroom 1 bathroom with seperate kitchen dining lounge,  rental appraisal of $500pw. Off-street parking and carport.

Minor Unit is 45m2 1 bedroom 1 bathroom with open plan lounge/dining, rental appraisal of $300pw. Off-street parking and carport.

Combined rental income would be $800pw or $41,600pw

Possible subdivision, you could subdivide the Minor Unit off from the main house. The cost to subdivide would be under $100k and house would then be worth around $500k and the smaller Minor house around $380k mark. 

Upside to add value with light renovation, estimated value after reno: $770k to $790k.

The location of this property is great, within close proximity to schools, local shops in Papakura Village & public transport and only 20mins drive to Auckland Airport. 

Price:  $710,000
Building:  110m2 House + 45m2 Minor
Land:  736m2
Bedrooms:  3 House – 1 Minor
Bathroom:  1 House – 1 Minor
Rates:  $2,967.08pa
Rental Appraisal:  $500pw + $300pw ($800pw or $41,600pa)

Get in touch today to find out more information and to make an appointment to view.

Shane Carruthers

E:   shane@cashflowproperty.co.nz
M:  021 182 6547
P:   09 215 6202