A substantial 2 storey Whanganui home on a 2,929m² freehold site, currently being increased from 6 to 8 bedrooms. At full configuration the property will generate $2,080 per week - delivering a 12.5% gross yield and cashflow positive returns at 100% borrowing.
The real story here is the land. A nearly 3,000m² freehold site creates genuine subdivision and development opportunities subject to council approval - hold now for strong cashflow, and explore development options to unlock further value down the track.
| Price | By Negotiation |
| CV | $1,100,000 |
| Weekly rental (potential) | $2,080 pw |
| Annual gross income | $108,160 pa |
| Gross yield | 12.5% |
| Bedrooms | 8 (currently 6, increasing to 8) |
| Bathrooms | 2 |
| Storeys | 2 |
| Floor area | 251m² |
| Land area | 2,929m² |
| Title | Freehold |
| Council rates | $7,007.39 pa |
| Insurance | $7,000 pa |
| Cashflow positive | $500 pw * |
* Cashflow figures are based on 100% borrowing at current interest rates and after expenses including rates, insurance, and property management. Rental figures reflect potential income at full 8 bedroom configuration. Individual results may vary. This information is provided as a guide only and does not constitute financial advice.