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House

12 Forbury Road Forbury, Dunedin City

Sold for $400,000 on 3 Jun 2020
  • 3 Beds
  • 2 Baths
  • 1 Car
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12 Forbury Road, Forbury, Dunedin City

House in Forbury

Cash Flow Positive - Dual Income

  • 3 Beds
  • 2 Baths
  • 1 Car

The overseas vendor's instructions are clear... they are selling!
Whether this is your first rental or you are adding to your portfolio, this is a great investment for the future. Offering two one bedroom flats which have always been easy to rent out. Great location, on the bus route, near the shops and beaches. Rented at $550pw and with 30% deposit, you can own this with mortgage payments of only $326pw. This is a "No Brainer". Potential to add value and increase the rent. Let 12 Forbury Road become your retirement fund.
One flat is rented at $265pw and the other Flat is rented at $270pw (without the home office space).

Features:
  • Electric Hot Water
  • Heat Pump
  • Standard Kitchen
  • Combined Dining/Kitchen
  • Combined Bathroom/s
  • Combined Lounge/Dining
  • Electric Stove
  • Ceilings: Mixed
  • Insulation: Ceiling
  • Joinery: Single Glazed
  • Good Interior Condition
  • Single Garage
  • Fully Fenced
  • Iron Roof
  • Weatherboard Exterior
  • Fair Exterior Condition
  • Single Storey
  • Level Section Contour
  • Northerly Aspect
  • City Sewage
  • Town Water
  • Street Frontage
  • Level With Road
  • Public Transport Nearby
  • Shops Nearby
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Formal Lounge
  • Garden

See all features

Chattels:
  • Blinds
  • Drapes
  • Fixed Floor Coverings
  • Light Fittings
  • Stove
  • Fan Heater
Property ID:

DUN25479

Land:

630m² / 0.15 acres

Parking:

1 garage space

Bedrooms:

3

Bathrooms:

2