Two Incomes, One Site - 838sqm Urban Zone

91 Jellicoe Road, Manurewa, Auckland
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
  • 91 Jellicoe Road, Manurewa, Auckland. Property Ventures Real Estate
SOLD

  5
  2
 
Double Garages
Price:
Price By Negotiation
Rental Income
$940 - $1000 p/wk
Lot Size:
839m²
Property Size:
203m²

Two Incomes, One Site - 838sqm Urban Zone

15 Year old brick and tile house with open plan living lounge and three bedrooms, the house has an internal double car garage with combined laundry and back section looking over the park. This property sits at the back of 838m2 site, and has been a family home for the past 15 years, the rental appraisal on this property is $530-560pw

The front house a smaller 1960’s two bedroom home has a rental appraisal is $410-$440pw and has a tidy well kept lawn area with storage shed and double garage.

The rental appraisal specifies the combined rent to be $940-$1000pw which creates a fantastic opportunity to purchase this multi income and add it to your property portfolio. Options galore as you can have holding income while you get your ducks in line for future development. This is the perfect opportunity for anyone looking for a yield or to try there hand at developing.

Hypothetical scenario, and subject to council consent

Create $1000pw holding income while you get your land-use and subdivision consent complete, get your building consent approved and remove the smaller front house to utilise the flat as a pancake land to build three new homes in it’s place, underground services are well located.

Brand new homes on the street have recently sold over $910k which sets the bar.

Contact Jess (021 212 3980) or Hamish (022 099 6849) for more info.


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