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Koutu, 31G Frank Street

7.1% Return for Investors. First Home Buyers Take a Look.


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Listing Number: RT180202
About this listing
For sale is a tidy three bedroom property in a suburb close to the city. There is a heatpump, keeping the house warm in the cooler months. Close to schools, local transport and a supermarket. Currently tenanted for $270 per week.

This property would appeal to a young couple starting out or an investor keen to start on the property investor ladder. The formal Rental Appraisal is $260 - $280 per week, returning 7.1%.
Property Information
  • Tenure: Crosslease (fee simple)
  • Tenure Detail: FIRSTLY: One undivided one forth share in all that parcel of land containing 2673m² more or less being Lot 3 DPS51099 SECONDLY: All that Flat being Flat 3 DPS54436. Together with all improvements thereon as inspected by the Purchaser.
  • Property condition: Good
  • Property Type: House
  • House style: Bungalow
  • Construction: Fibre Cement
  • Joinery: Aluminium
  • Roof: Iron
  • Flooring: Carpet and Vinyl
  • Window coverings: Drapes
  • Heating / Cooling: Heat pump
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Drapes, Upright Stove, Heatpump
  • Kitchen: Original, Open plan, Upright stove and Pantry
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Main bathroom: Shower over bath
  • Views: Urban
  • Aspect: North
  • Fencing: Partial
  • Land contour: Flat
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to schools, Close to shops, Close to transport

Contact Details


ETB Realty Ltd

Licensed REAA 2008

Corner of Whakaue and Rangiuru Streets
1182 – 1204 Whakaue Street, Block C, Ground floor
Office website

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