3/100 Brougham Street, Addington, Christchurch

Starter investment

With an instant income, strong return, cashback on settlement and plenty of room to add value this property is an easy choice for the savvy investor. Ticking a lot of boxes and superbly located within close proximity to the inner city it won't be on the market for long.

Currently tenanted at $325 per week to tidy tenants who look after the property well, there is the option to purchase vacant or to keep the tenants on and enjoy the income.

Tidy and functional the open plan kitchen / living space is kept comfortable with a heat pump. While in good condition this is your starting point to add value as the kitchen could easily be modernised. Both bedrooms are doubles and the bathroom has been updated with a new shower unit, stylish vanity and tiled flooring.

Private and secure this townhouse is entered via the front courtyard which is fully fenced and currently being upgraded. The exterior cladding is low maintenance summerhill stone with aluminium joinery windows throughout.

Facts and Figures

-Two bedrooms
- Open plan living
- Single garage
- Rental $325 per week
- Vacant possession available
- EQC cash transfer of $6,429.60
- Cross leased title (no body corp fees)
- Freehold land

Located back from the busy road with its entrance off Somerset Crescent (opportunity to add value with an address change to Somerset Crescent, subject to council approval) this unit is in a prime location for growth as the inner city transforms into a dynamic place of which young professionals want to be part off.

Townhouses like these have stood the test of time and make a great investment that is easily transformed into a modern apartment style home.