SUBDIVIDE OR 2 DWELLINGS ON 1 TITLE - AMAZING VALUE
Springlands, Blenheim, New Zealand |
Asking Price: $298,000 NZD |
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Property Summary
| Price: |
$298,000 NZD |
| Rooms: |
4 bedrooms, 2 bathroom |
| Location: | Springlands, Blenheim, New Zealand |
| Type: |
Investment Property |
| Floor: |
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| Land: |
973 |
About the property
3 bedroom (97sqm) and 1 bedroom (44sqm) dwelling on one title in the sought after Springlands location of Blenheim.
973 Sqm Section
Rates $2535.88
We have investigated to subdivide and the figures work out great, very brief figures are below
Purchase and Subdivide costs $383,000, (incl RE Fees and large misc figure)
Return $445,000.
$62k + profit. Timing, approx 3 months.
or
JV with us, we do it, buy at more discounted rate and reap the rewards.
or
Buy, reno or put extra room on the 1 b/r and enjoy the cash flow of 2 dwellings on 1 large title. Break even cash flow as is while you hold.
Amazing value.
Rent as is: Min $420 a week
Features
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Vendor Details
dreamdeals
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