8A Lahore Street, Wairoa, Hawke's Bay

This well-positioned 187m² property presents a compelling addition to any investment portfolio, combining the potential for strong returns, a low maintenance section, and flexible financing.

Vendor Finance - Unlocking Over 11% Yield A standout feature of this investment is the vendor finance option for approved purchasers, offering a rare opportunity to maximise returns with reduced upfront capital. With just $200,000 required at settlement and the remaining $99,000 deferred interest-free for 7 years, investors can significantly leverage their position.

The Property Privately set back from the road yet within easy reach of schools, town services, and community amenities, the property appeals to a broad tenant base seeking convenient, central living. The generous open-plan living and dining area, complemented by two cast iron pot belly stoves, provides year-round comfort, an attractive feature for long-term tenant retention. Configured with three to four versatile bedrooms and a spacious, practical kitchen, the layout supports multiple rental strategies including families, shared accommodation, or contractor housing. Designed with low upkeep in mind, the property features a combined shower and laundry area, separate toilet, and a sunny, fully paved courtyard, eliminating lawn maintenance and reducing ongoing costs. Ample off-street parking, including space for larger vehicles such as motorhomes, further enhances tenant appeal. Recent upgrades provide peace of mind for investors, including a full electrical rewire and installation of an Intertenancy Firewall following the 2023 subdivision, ensuring compliance and long-term durability.

Vendor Finance – Unlocking Over 11% Yield A standout feature of this investment is the vendor finance option for approved purchasers, offering a rare opportunity to maximise returns with reduced upfront capital. With just $200,000 required at settlement and the remaining $99,000 deferred interest-free for 7 years, investors can significantly leverage their position. Based on the current rent of $440 per week, this structure delivers a gross yield of over 11%, making it a high-performing asset in today’s market. The deferred balance is secured by a first mortgage and is only payable at the end of the term or upon sale, providing flexibility and strong cashflow from day one. Currently tenanted, this is a true turnkey investment delivering immediate income. With residential zoning and broad rental appeal, it is ideally suited to contractor accommodation, lock-and-leave tenants, or investors seeking a hassle-free, high-yield addition to their portfolio. Secure a high-return, low-maintenance asset with built-in financial leverage.