10 Leese Street, Taumarunui, Ruapehu, Manawatu / Whanganui

A fantastic opportunity has come to purchase an investment property or first home packed with potential. 10 Leese Street is a 3 bedroom, one bathroom weatherboard home that is primed to be a reliable returner in Taumarunui. Long term tenants have just moved out meaning the new owner can get straight into this property and give it a freshen up and then maximise rental return.

• Three bedroom homes in the area range between $400 and $440, depending on cosmetic condition.
• The property is insulated in the ceiling and underfloor but will need some Healthy Homes work done to get it up to standards.
• Recent work has been done on the bathroom, upgrading to a wet area shower and also a new heat pump.
• Flat 1075 sqm section, big enough to subdivide if council permits. Potential lies in of 8%-9% gross returns once some redecorations have been done, with relatively strong rental demand in the area this could prove a real money maker.