Residential
More from realestate.co.nz:
Agents News

48 Heywood Terrace, Richmond, Christchurch City

Investment with Immediate Returns

dollar

$825,000

House
House
Bedroom
3
Bathroom
3
Floor area
220m2
Land area
524m2
On this page:

Property details

Listing # GMR12057 | Listed on 16 February

**Price Now Reduced** Presenting a unique investment opportunity offering multiple income streams in a sought-after location. Situated on 524sqm (more or less) of MRZ-zoned land, this property delivers immediate rental returns alongside 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, showing a return of 7.12% on the asking price.

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

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

Your notes
Add notes for your personal reference. This can only be seen by you.

Additional features

Heating/Cooling: 3 Heatpumps

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone
I'd like to enquire about:
Your message
A young family with pets illustration