Listing Description
Renovation ready with immediate rental income
50 Makere Street, Taumarunui, Ruapehu, Manawatu / Whanganui
To be sold by auction on 11 Feb, 1:00 pm
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $265,000 |
| Agency reference | TUU184385 |
| Broadband in the area |
Description
- Price guide $220,000
- Rental appraisal $400 per week ( $20,900p.a)
- Expected gross return guide of 9.5%
- Occupied by consistent paying tenant willing to stay This charming 1920s four-bedroom home presents an excellent opportunity for investors or buyers looking for a property to renovate and add value. Currently tenanted at $390 per week, the existing tenants are happy to stay, providing immediate and secure rental income. Situated on a generous 776m2 flat section, the home features a heat pump for year-round comfort and plenty of outdoor space. With renovated four bedroom homes fetching upwards of $480 per week there is plenty of scope to add value and yield. The vendor needs this property sold and is taking it to auction (unless sold prior) on 11th February 2026 at the Taumarunui Squash club, 41 Turaki Street, Taumarunui.
Open home times
Local Schools
While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.
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