Live on Top, Rent out Below

127 Ohaupo Road, Melville, Hamilton 3206, New Zealand
  • Floor Area M2: 180
  • Property type: House
  • Rates Per Annum $: $2,229.94
  • Land Area M2: 449
  • Bathrooms: 2
  • Bedrooms: 4
  • Garaging: Carport , Internal Access , Off Street Parking , Single
  • Amenities In The Area: Deanwell School , Gallagher Aquatic Centre , Glenview Medical Centre , Melville School , Urlich Shopping Centre , Waikato Hospital

Features

  • 2 x heatpumps
  • Man cave or storage shed
  • New ceiling insulation
  • New roof (with 18 year warranty)
  • Renovated bathrooms
  • Self contained basement studio
  • Touch screen home ventilation system with 8 vents

Details

This spacious home has so much content, from the brand new roof (with 18 year warranty) and ceiling insulation, to the self contained basement studio and renovated bathrooms!

There are 3 generous sized bedrooms located upstairs along with kitchen, dining, living and covered deck which opens up from the dining area offering space for entertaining, living, or hobbies!

Comfort is assured with the 2 heat pumps, touch screen home ventilation system and 8 vents throughout the home.

Downstairs, there is a basement studio with its own separate access offering a bedroom, living, kitchenette, and bathroom! This has been given a rental appraisal of $200- $250 per week.

Positioned on a corner site, there are 2 driveways into this fully fenced property!  With the bonus of having a carport plus an internal access single garage just adds to the home and income appeal available here!

We have run some numbers to illustrate the profitable potential!

If you were to purchase this property at the asking price of $629,000 with a 10% deposit, at a fixed rate of 2.89%, your weekly payments would be $ 541 !
By renting out the self contained basement at a fair and reasonable $250 per week, you would be reducing your weekly repayments to $291! Cheaper than renting!

Located just a short walk to the Urlich shopping centre. There are schools and facilities nearby including the Gallagher Aquatic Centre, Waikato and Braemer Hospitals, while the Glenview Medical Centre is just a few doors down.

See below for additional information and resources including property flyer, sale and purchase template and rent appraisal.

Agency reference #: SDRE073

Video

Plans

3D Floor Plan

2D Floor Plan

Attachments

  • ID: 5462
  • Published: March 14, 2020
  • Last Update: May 26, 2020
  • Views: 365