Sold on 11 May 2017
  • 8 Beds
  • 3 Baths
  • 1 Car

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House in Kelston

DO-UP Rental Cash Cow on 809m² Urban Zone!

  • 8 Beds
  • 3 Baths
  • 1 Car

Looking for an investment that would sustain a mortgage and land bank the potential for your retirement? Look no further !

REGISTERED VALUATION - in November 2016 is $870,000 !!!

HOUSE - currently returning at least $855 per week in rent as it was permitted as a boarding house / rehabilitation centre / hostel for 12 people back in 1982. And it's in do-up condition where you can renovate and add value !!!

LAND - is 809sqm full section zoned for Mixed Housing Urban under the Auckland Unitary Plan with a 45% building site coverage, 11 metres height restriction (potentially 3 storeys?), and 300sqm net site per dwelling (potentially 2 lots for subdivision?). Check with your planners and architects on what you could develop on this site subject to Council approval !!!

LOCATION - is super convenient and handy to the dairy shop next door and the bus stop and Kelston Boys High School just across the road. Glen Eden train station, Glen Eden mall, Kelston mall, and New Lynn shopping centres are also just few minutes away by car.

What more can you ask for?

Do you have the vision - Builders, Developers, Investors ???!!!

Vendor is overseas and cashing up so HURRY ! This is definitely PRICED TO SELL not miss this opportunity !

If you want your interest best represented to the vendors you need to CALL ME NOW ! 021 265 4745

  • Built in 1950
  • Electric Hot Water
  • Heat Pump
  • Standard Kitchen
  • Separate Bathrooms
  • Electric Stove
  • Ceilings: Gib
  • Joinery: Timber
  • Single Garage
  • Carport
  • Concrete Base
  • Partially Fenced
  • Iron Roof
  • Fair Exterior Condition
  • Level Section Contour
  • City Sewage
  • Town Water
  • Street Frontage
  • Level With Road
  • Public Transport Nearby
  • Shops Nearby
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Curtains
  • Fixed Floor Coverings
  • Secure Parking

See all features

  • Curtains
  • Extractor Fan
  • F/Floor Cover
  • Light Fittings
  • Stove
Property ID:





Single Garaging + Carport + Off Street Parking