15.0% gross yield - exceptional return with $1,400 pw cashflow at 100% borrowing
CV $2,180,000 - strong valuation underpinning the asset
Equity Up-Lift - renovation adds immediate value above purchase price
725m² of floor area on a 1,665m² site - significant scale at an attractive price point
Potential subdivision into 3 lots subject to council approval - major development upside
$182,000 annual gross rental income from 19 bedrooms
Overview
About this property
A large scale New Plymouth property delivering 15.0% gross yield across 19 bedrooms and 725m² of floor area on a 1,665m² site. With a CV of $2,180,000 and strong rental income of $3,750 per week, this is a high-performing asset for investors who understand value-add opportunities.
Buy below replacement cost, renovate to lift equity, collect strong cashflow while you hold, and explore the subdivision potential into 3 lots when the time is right.
Yield, Cashflow, Equity, and Development.
The numbers
Financial summary
Price
By Negotiation
CV
$2,180,000
Weekly rental income
$3,750 pw
Annual gross income
$182,000 pa
Gross yield
15.0%
Bedrooms
19
Bathrooms
4
Toilets
7
Floor area
725m²
Land area
1,665m²
Condition
Needs renovation
Council rates
$19,955.51 pa
Insurance
$10,000 pa
Cashflow positive
$1,400 pw *
Value-add & development potential
Equity Up-Lift - renovate to increase value above purchase price
Potential subdivision into 3 lots subject to council approval
1,665m² freehold site with 725m² floor area - significant asset base
Hold for cashflow now, develop or subdivide for major upside later
Property features
Key features
19 bedrooms
4 bathrooms, 7 toilets
725m² floor area
1,665m² land
CV $2,180,000
15.0% gross yield
Equity up-lift potential
Subdivision into 3 lots
$1,400 pw cashflow
New Plymouth location
* Cashflow figures are based on 100% borrowing at current interest rates and after expenses including rates, insurance, and property management. Individual results may vary. This information is provided as a guide only and does not constitute financial advice.
