313/116 Stanmore Road, Linwood An Affordable Addition to Your Portfolio
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Available PropertyFiles:
- 519281 Pre-Contract Disclosure Statement_11-116 Stanmore Road.pdf
- Body Corp Docs_11-116 Stanmore Road.zip
- Council Property Files_11-116 Stanmore Road.zip
- Deadline Buyer Pack_11-116 Stanmore Road.pdf
- REAA Sales and Purchase Guide.pdf
- Sale and Purchase Agreement_11-116 Stanmore Road.pdf
- a. Title_11-116 Stanmore Road.pdf
- b. LLUR_11-116 Stanmore Road.pdf
- c. Rates_11-116 Stanmore Road.pdf
- d. Insurance_11-116 Stanmore Road.pdf
- e. Entitlements_11-116 Stanmore Road.pdf
- f. Rental Appraisal_11-116 Stanmore Road.pdf
- g. LIM_11-116 Stanmore Road.PDF
Property Description
Currently rented at $395 per week, this one-bedroom apartment offers existing rental income on Christchurch's city fringe. At $369,000, the current rent annualises to $20,540, representing an indicative gross yield of approximately 5.6%.Built in 2018, with approximately 50m² of floor space, its low-maintenance design makes it a practical option for investors adding to a portfolio or buying their first rental.
• Double bedroom and one bathroom
• Combined kitchen, dining and living
• Heat pump, dishwasher, oven and cooktop
• Dedicated laundry nook
• Close to supermarkets, local eateries, the CBD and Te Kaha
The gross yield assumes 52 weeks at the current rent, before expenses and vacancy. Buyers should review the tenancy, body corporate levies, rates and other ownership costs when assessing their return.
Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.*
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Terms of Supply
By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Mark Holland
GRENADIER REAL ESTATE LTD
Licensed Agent REAA 2008
02041857668 mark.holland@harcourts.co.nz All Listings
Mark Holland knows what sells. He is an expert in communication, property aesthetics and the latest market trends. However, his true area of expertise is in ‘As is Where is’ and development properties – from single-story villas to newly-constructed multi-unit townhouses. Where there is a deal to be done, Mark will be there. Mark understands that real estate is a fast-paced and ever-changing challenge, so his passion for results, his aptitude for math, systems, and organising work, and his dedication to his clients, are the essential elements of his undeniable success. Mark is always looking four steps ahead. With his enthusiasm for results, Mark is undoubtedly an agent to keep your eye on. For any property-related advice, Mark is always available for a chat.
