48 Totara Street

48 Totara Street is a property that represents exceptional value in an extremely hot market. This home is a very viable option for either a first home buyer or a first-time investor.

Constructed in the 1910’s this home is positioned on a good-sized section which is approximately 477 m². The property is well located in the popular suburb of Ravensbourne and receives good views of the Otago Harbour, it is also in close proximity to schools, parks and you are also well located to the Harbourside cycleway.

This home accommodates three bedrooms. All the bedrooms are good sizes and feature timber joinery and decorative ceilings. The living and entertaining areas in this home are of generous proportions and have been a big attraction for the previous and current tenants. The property is currently rented on a fixed term tenancy until 7th of February 2021 and the current rental income is $380 per week which is very affordable in the current market. The kitchen is a galley style and is well equipped for family living, however, there is definitely room for the new owner to renovate and add some further value to this already great home. The bathroom also leaves room for improvement but the good thing here is you have a good space to work with.

This property offers someone a real opportunity to get into the market at a very affordable price or if you are an investor an opportunity to renovate and add value.

TO DOWNLOAD THE PROPERTY PACK, GO TO: https://www.bradleylee.co.nz/current-listings/48-totara-street