Wellington
6 bedroom CBD
228m² floor area · Solid weatherboard construction
Overview
About this property
Large 6 bedroom, 2 bathroom property in Wellington CBD across 228m² of floor area, priced well under its $760,000 CV at $399,000.
Currently returning $1,500 per week, with day-one cashflow of $350 pw after all expenses. Suitable for investors seeking a high-yield CBD asset.
Rental income
| Configuration | Weekly rent | Annual |
|---|---|---|
| Single tenancy - 6 bedroom | $1,095 pw | $56,940 |
| Rent by room - 6 bedrooms @ $250 | $1,500 pw | $78,000 |
| Total (at potential) | $1,500 pw | $78,000 |
Single tenancy and rent by room are alternative configurations. Figures above use the rent-by-room potential.
Why this property
- 19.5% gross yield / 11.0% net yield - well below CV of $760,000 at a $399,000 asking price
- $350 pw cashflow positive after all expenses, based on 100% borrowing *
- 6 bedroom, 2 bathroom CBD Wellington
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* Cashflow figures are based on 100% borrowing at current interest rates and after expenses including rates, bodycorp and property management. Individual results may vary. This information is provided as a guide only and does not constitute financial advice.