Invest, Nest or Both? - BEO $985,000

11 Lancaster Street, Karori

  • Bedrooms6
  • Bathrooms2
  • Car Parking1
  • Living Areas2

Nestled on the corner of two of Karori's most loved streets, the tranquil setting can make it easy to forget just how conveniently located this solid 1940s property is. Fantastic schools, great public transport options and fantastic local amenities - all within walking distance - will ensure that your property remains in hot demand with tenants and families alike. Couple this with the bonus of having a fully consented home & income and the flexibility this property offers should satisfy most needs:

- You could buy and hold, the location and quality of the flats will ensure a constant stream of good tenants. Previously rented for a total $1,200 per week with upside expected.
- You could live in one and rent out the other, fully consented as a true home and income and with separate access for both flats the only reminder that you have tenants below or above will be the extra cash in your bank account!
- Or you could convert this 280m2* property into a large family home. The proximity to great schools and zoning for Wellington College would make this a very viable option.

Flat One:
- 3 double bedrooms, all with wardrobes
- 1 bathroom
- Large separate lounge
- Sun filled kitchen/dining area that flows out onto a private deck
- Separate entry from corner of Lancaster and Flers Street
- Heatpump
- Views through to Mt Kaukau
- Appraised up to $560pw

Flat Two:
- 3 double bedrooms, all with wardrobes
- 1 bathroom
- Open plan kitchen/living area with french doors leading out to a large deck/barbecue area
- Single garage with large attic for storage complete with covered access to the house
- Separate entry from Flers Street
- Heatpump
- Currently rented for $600pw, appraised up to $640pw

Dual flat propositions of this quality are a true rarity in this part of Wellington. Don't miss your opportunity to invest in one of the capitals most well established & loved suburbs.

Please Note: Three of the photos shown have been staged using virtual staging.

(*Source: Property Guru)

Address

11 Lancaster Street, Karori

Price

BEO $985,000

Listing ID

LOWE1942

Type

Home and Income

Floor Area

280 m² approx

Land Area

437 m² approx

Rates

$5,162.61