Truly Massive Cash Flow, 8% / $1535+ pw rental income after ALL – (yes ALL) outgoings! Price: $997,800.
House Sold - Clover Park Manakau
Truly Massive Cash Flow, 8% / $1535+ pw rental income after ALL – (yes ALL) outgoings!
Price: $997,800. (Agents Always Welcome, please remember to add your fee to this price)
Do you have a preapproved loan with only a 30% deposit. So do a lot of others, get in and buy something this week then. The last 2 times they did this, properties went up 10-20% in like a 2 month period. So for the love of God or your kids or who ever, Take some ACTION TODAY!!
Dillon Crescent, Clover Park, Manukau, Auckland
Bathrooms: 7 (includes 3 ensuites)
Land Area: 643m2
Floor Area: 150m2
Single lock up garage
Off-street car parking: 4 at the back, 1 right in the front and 2 on the right hand side of the property. Totally of 7 off street parking.
On Street car parking: loads and its free
Fully Furnished bedrooms including Beds, bedside tables, 32’ TV’s in every room and some rooms have bar fridges.
This property was renovated about a year ago with the intention of leasing it to HNZ (Housing New Zealand) who at the time wanted super large homes for some big family’s they were trying to house, but after the renovation was completed (and 5 months late) the vendor was told HNZ are now looking smaller homes. ;/
The main house has 8 bedrooms with 6 bathrooms including 3 ensuites, open plan modern kitchen and dining. The lounge/living is external to the main house, this was done at the time to give peace and enjoyment to those who might be sleeping/resting in one of the 8 bedrooms in the main house. This detached lounge/living and office has a full bathroom with laundry. All legal.
The vendor has since put a wall up in the lounge creating 2 rooms out of the lounge that are now rented out as bedrooms and connected an extra washing in the garden shed.
Currently rented room by room: Returning $2015pw. Net rent $1,535 per week in your hand after all outgoings.
Although managed by a professional Property Manager I think that the room rents are a bit light and could be a little higher, but then again there are no vacancies either.
Rental appraisal as a single house hold: $1200pw
There is huge demand for Super large houses like this in South Auckland.
The vendor is NOT GST Registered so the property can be bought either with all the furniture and with the existing tenants and bonds OR vacant as a standard home.
This is a well located property with easy access to school and public transport. This property is handy to a number of amenities such as Chapel Downs Kindergarten, Chapel Downs School, restaurants and cafes. It is only a 5 minute drive to Manukau City Centre and a 15 minute drive to the Auckland Airport. Buses around the area are available and travel directly to Auckland Central.
- 8 bed
- 7 bath
- 3 Parking Spaces
- Land is 643 m²
- Floor Area is 150 m²
- 2 Carport