1 Devon Road, Springvale, Whanganui, Manawatu / Whanganui

Amazing opportunity to purchase a stunning renovated property in the perfect location. Set on a low maintenance section within a stone throw of Springvale Park and walking distance to several schools, including Whanganui Collegiate, Whanganui High School, and Carlton School.

The kicker is in the layout of the house. With main access to the heart of the home which features a brand new spacious kitchen with fisher & paykel appliances and open plan dining area, 4 double bedrooms, large living area that opens onto a large north facing deck. Enjoy long hot summer days overlooking Springvale Park. The secondary seperate access is to the adjacent wing which features two large bedrooms (or one bedroom and one living room) and a bathroom with seperate toilet. A ranch slider opens onto a private courtyard and rear deck for added peace and tranquility. Giving options of a home and income setup or extended family space. The two wings are seperated by a laundry area with built in cabinetry and formica benchtop.

Current market rent for single family of $800 per week, or home and income scenario appraised at upwards of $1000 per week. Conservative yield of 7.5% makes this a truly attractive investment with huge capital gain potential given its location and size. Current RV of $745,000.

Each of the six bedrooms is generously sized, with built-in storage, and one includes a beautiful bay window. Double glazing has been installed throughout as well as two heatpumps to ensure year round comfort.