244 Coronation Ave, Welbourn, New Plymouth

Redevelop or refresh and rent out???

The potential and possibilities are many with the demand for such a property being high. Two dwellings on one title here (809sqm) make this an excellent addition to the prudent investor's land bank portfolio. The front house is the original and features three bedrooms with scope to make improvements as deemed necessary. Sitting privately behind this with a private aspect looking out over Highlands Intermediate is a two bedroom brick townhouse. It will require refurbishment before tenants go in, however this allows the new owner to choose the standard of fittings and replacement chattels. There is a garage for each dwelling providing parking for three vehicles or as extra storage. Perhaps you'll rent out the front house and live in the back and let the return go towards your outgoings? Delve a little deeper into the subdivision potential here (zoned residential A) with examples evident amongst the neighbouring properties. Rent appraisals are available for both houses so you can start working out how much you're prepared to pay for this versatile property situated in the ever popular Welbourn location. \n\nTenders close 4pm on the 29th of September 2016 at Bayleys NP office (unless sold prior)\n\n