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Otangarei 10 William Jones Drive, Otangarei

3 Bedrooms1 Bathroom1 GarageID WHU235736
$350,000

You gotta start somewhere

Getting into the property market doesn't have to mean starting big. Sometimes, you just need to find the right place to start.

Priced at $350,000, 10 William Jones Drive offers an affordable opportunity for first-home buyers, investors, or anyone looking for a property with good bones and plenty of potential.

This native timber home offers three bedrooms, a practical layout, a good-sized section and plenty of off-street parking. It is a DIY project, so there is work to be done, but the fundamentals are here and there's plenty of scope to roll up your sleeves, add value and make it your own.

For investors, the potential is particularly interesting. There is potential for a rental return of around $550 per week. That equates to approximately $28,600 per annum, which would represent a gross rental yield of around 8.17% based on the $350,000 asking price.

The location adds to the appeal, with local shops, public transport and everyday amenities close by - making this a practical area for both homeowners and tenants.

Our out-of-town vendor is ready to move on, so this property is priced to sell. If you're looking for a project, a first step into the market, or an opportunity to add value - this could be worth a closer look.

Viewing is by appointment, so get in touch today to arrange your time.
CHATTELS  Fixed floor coverings   |   Light fittings   |   Rangehood   |   Smoke detector(s) x 2   |   Electric Stove   |   Curtains
Features
Area | 100.00m2Land | 670 m2Rates | $2,567.14 paRegional rates | $561.37 paLV | $148,000RV | $385,000
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Beth Tweedie

M  021 526 966  P  

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