Blease St, New Lynn, Wst Akld, 3 Bed, 13% Below GV. 8% Return

Blease St, New Lynn, Wst Akld, 3 Bed, 13% Below GV. 8% Return

Unit Sold - New Lynn Auckland

Cheapest Free Standing 3 bedroom House in New Lynn.
3 Bed, 13% Below GV. 8% Return

Blease St,
New Lynn
West Auckland

13% Below Government Value of $300,00.00
Price $260,000.
3 Bed, 1 Bath.
Single car port.
Weather Board with Ion roof.
Freehold – X-Lease.
Shared driveway with a block of 14 flats
Rented at $360 per-week
Rent after a good clean up and a light reno $390-410 per-week
Return as is 7.2%
Return after clean up is 8% rented at $400p/w

Land size 350m2 approximately
House size 90m2
Rates $$1,100 p/a approximately
Cost of clean up and light Reno $5,000.
Most stand alone 3 bedroom homes in this area sell around the $320k mark.