Dual-Income Property on Clayton Road

This dual-income property presents an excellent investment opportunity. Located in ever popular Clayton road, 307 & 307a Clayton Road offers a combination of a 3-bedroom house and a 1-bedroom unit.

The House (3 bedroom):
Recently Renovated: Freshly painted interior and new carpet.
Income: Currently rented for $600 per week. Explore the possibility of converting to a 4-bedroom for increased rental income.
Outdoor Space: Enjoy a private backyard and single garage.
Potential: utilizing the space in the lounge that was previously a staircase to create a 4th bedroom and update the kitchen. Rent potential $650 - $670 PW. Approximate cost of work $13,500

The Unit (1 bedroom):
Efficient Layout: Open-plan living and an additional room (ideal for study or storage).
Income: Currently rented for $500 per week.
No Off-Street Parking: Ideal for tenants who rely on public transport or have minimal vehicle needs.

Total Income and Yield:
Current combined Income: $1100 per week
Gross Yield: 7.9%
Potential combined income: $1170 per week
Potential combined income: 8.2%

Don't miss out contact Bryn today to schedule a private viewing and learn more about this investment opportunity.

Property ID: ISELL20133 |

307 Clayton Road, Pukehangi, Bay of Plenty, 3015

$725,000
  • 4
  • 2
  • 0
  • 618 sqm
  • 205 sqm


Inspection Times

  • Sun 13th Oct, 2:00pm - 2:30pm


Attachments

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Bryn Parry

Co-Owner & Sales Consultant

Licensed Salesperson - REAA 2008

Julz Parry

Co-Owner & Sales Consultant

Licensed Salesperson - REAA 2008

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