Views in Wadestown for Circa $650,000!

- Wadestown Wellington

What did you say? Yes, here at last is an affordable, elevated home and income that enjoys sweeping city and harbour views. Using the income from the 1-bedroom apartment below, the mortgage to you as an owner would be circa $650,000. So, make the smart move to a premium suburb with the help of your tenant!
Comprising a home of 3 double bedrooms and a large one-bedroom income or granny flat, this property offers:
• Spacious living areas
• Magnificent sea and CBD views
• Fabulous indoor/ outdoor flow
• Walk-on access
• Lovely bush-clad setting
• Further potential and rental upside
• Double garage
• Last rented at $750/ week up, $425/ week down, and currently $50/ week for garaging
• Rental assessment at $1,255/ week
• Help with the mortgage of circa $283,000 @ $400/ week, on principal and interest on a 30-year term at 6.19% when renting the 1-bedroom flat (Source: Moneybox)
• Essentially, this means a 3-bedroom home would be circa $650,000

A fantastic opportunity in this locale, and a short stroll to the city. This is a brilliantly positioned home and income or investment property in a popular city fringe location.
Nest and invest- the best of both worlds!

Please note- the last 3 photos have been virtually staged.

Tender closes at 3 pm 15th October 2024 at Tommy’s Real Estate, 209 Victoria Street, Te Aro, Wellington. (Vendors reserve the right to sell prior)