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48 Heywood Terrace, Richmond, Christchurch City

Cashflow Ready Investment

dollar

$799,000

House
House
Bedroom
3
Bathroom
3
Floor area
220m2
Land area
524m2
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Property details

Listing # GMR12057 | Listed on 16 February

**7.35% Return on Asking Price** A standout investment opportunity delivering multiple income streams in a highly desirable location. Set on 524sqm (more or less) of MRZ-zoned land, this property offers immediate rental income with the added advantage of future land-banking or development potential.

The 220sqm (more or less) dwelling has been configured into three self-contained flats, providing flexibility and maximising yield.
• Flat 1 features one bedroom, an open-plan kitchen and living area, and a bathroom.
• Flat 2 offers a generous bedroom, separate kitchen and living areas, and a bathroom.
• Flat 3, located upstairs, includes a large sunny bedroom, a separate lounge, kitchen, and bathroom.

Currently returning $1,130 per week, $58,760 per annum.

An ideal proposition for investors seeking strong returns now with the added benefit of long-term upside.
Be Quick Phone NOW for details... **Price Recently Reduced**

Source: As per Property Guru - floor area 220m2, Vendor, CCC.

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Additional features

Heating/Cooling: 3 Heatpumps

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