Listed: Tue, 7 Oct

Home and Income- Nest or Invest in Central Mt Vic

11 Caroline Street, Mount Victoria, Wellington, Wellington

Enquiries over $995,000

5 Beds
2 Baths
151m² Floor
184m² Land

Other Features

1 Off-street parking
Home & Income potential

Attribute	Value
Property type	House
Capital value (CV)	$1,560,000
Parking	Off Street x 1
Agency reference	T25536
Broadband in the area	Fibre, ADSL, Cable, Satellite, VDSL, Wireless

Looking to escape the rent trap or step onto the investment ladder? Here's your chance to own a versatile home and income or investment property in a sunny, ultra-central cul-de-sac just moments from the CBD. This smartly configured two-level residence offers:

Three double bedrooms downstairs + two-bedroom income upstairs
Currently rented at $780 and $610/ week, respectively
Unbeatable location in Mt Victoria-a quick stroll to shops, cafes, and city life
Spacious living zones
Off-street car park
Flat, private rear yard
Mostly double glazed
Rental income potential with scope for further upside
Estimated mortgage of $500,923 when renting upstairs at $610/week (principal & interest)
Estimated mortgage of $640,525 when renting downstairs at $780/week (P&I based on 4.85% over 30 years)

Whether you're a first-time buyer, savvy investor, or professional seeking location and flexibility, this property offers serious bang for your buck. Tidy, central, and income-generating-it's the ultimate nest-or-invest opportunity.