705 and 705C Collinge Road, Mayfair, Hastings

price TBC

5

Bedrooms

2

Bathrooms
sold-flag

Space for the whole family and more!

Nestled down a private rear section, this beautiful "home plus income opportunity" will blow you away. Properties like this gem are very sought after and are as rare as hen's teeth! You choose whether it's your home and income, an investment property or a family home for you and your extended family... this incredible property should not be overlooked! Sitting on a 687sqm section is this immaculate 84m2 three bedroom home, a one bedroom fully self-contained secondary dwelling (47m2) plus a fully lined and carpeted sleepout. This beautiful character home was built in the early 1900's and it has been fully restored, refurbished and renovated maintaining its' original character and charm. It has gorgeous native finishing and a modern twist that we're sure you'll love. With only two previous owners, a lifetime of effort and love has been poured into this incredible masterpiece. The main home has three bedrooms with a new bathroom, open plan kitchen/dining room, new carpet, new paint (inside and out) and its had the works - new piles, new roof, re-wired and re-plumbed, a compliant fire and it's loaded with as many CCC's as you need. Safe as houses takes on a new meaning! Secondary to the main home is a modern consented sleepout (or office) and a completely separate one bedroom cottage/granny flat with all the trimmings for another rental or extended family to reside. The 47sqm one bedroom fully self-contained dwelling has a full kitchen and plenty of space for a couple to live very comfortably. For the investors! The current rental appraisal of $850 per week includes the combined dwellings and sleepout - your return on investment will be yielding through the roof. Be quick to view this - you won't want to miss out!

Chattels

Fixed floor coverings, Light fittings, Blinds, Stove, Rangehood, Dishwasher, Smoke detector(s), Heat pump(s), Main House - as above plus Drapes, Extractor Fan and Washing Machine Taps. (Secondary Dwelling Chattels = Blinds, Clothesline, Electric Stove, Heat Pump, Range Hood, Smoke Detector, Washing Machine Taps)
705 and 705C Collinge Road, Mayfair, Hastings

Web ID

HU81021

Land area

687m2

District rates

$3,907.18pa

Regional rates

$328.53pa

LV

$160,000

RV

$410,000

5

Bedrooms

2

Bathrooms
price TBC
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Sarah Portas

Sarah Portas

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HU81021

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Bordering William Nelson Park and across from Countdown supermarket in the heart of the CBD is this 6 unit investment property on a 1018sqm freehold section. The character villa was converted into 4 x 1 bedroom flats in 1956. Plus a further studio unit constructed in 1959 and a spacious standalone 2 bedroom unit at the rear. All insulated top and bottom. Under rented to long term tenants ($1196) who'd love to stay with room to modernise and bring in line with market rates. With a tidy up of the interiors, the combined rental assessment is $1970 - $2090pw. Owned by the same vendor for 40 years but it's now time for the next investor to bring into today and reap the rewards or land bank the 1018sqm section for future development. Do the sums - it's all about the potential returns.

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