51A Otaika Road Raumanga, Whangarei District

If you're looking to step onto the investment ladder, here's an opportunity that will give you a head start! Firstly, keep in mind that we all need to start somewhere... and a property where all the work has already been done, AND tenants and guaranteed rent are a given, make this property a great starter and compulsory viewing.

Sitting on a fully fenced 625 sqm section, this is a three bedroom home that has just been totally renovated with a new kitchen and appliances, new carpet and vinyl, bathroom fittings, a Haier heat pump, and three Goldair Inverter heaters... guaranteeing this will be an exceptionally warm, cozy home. The final touch includes tasteful redecorating throughout in fresh neutral colours, giving this open plan lounge/dining/kitchen a spacious feel. It is a solid 1990s family friendly home enjoying views over the Western Hills area and the neighboring suburbs, it has a sunny north facing deck off the living area, the single garage has internal access, and the location is close to the hospital, cafés and shops. The current Whangarei District Council rates are $2,378.54 and the Rateable Value is $460,000.

This property has a lease in place until November 2024 returning an annual rent currently set at approx $22.900.00 (net), with monthly payments set at $1,908.00 (net). This property will suit investors who see the value of a 'hands off investment' with no tenancy worries and no property managers to deal with. You will be able to sit back and simply receive a guaranteed income with a secure lease already in place. If a property is used for emergency, transitional or social housing when you leased it to the Crown (for example, the Ministry of Housing and Urban Development or Kainga Ora) or to a registered community housing provider then you can still claim interest deductions. Phone or email Melissa so that you can be the first to view it.

Please make sure to view the property via our video.

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