26 Te Rauparaha StreetOtaki, Kapiti Coast

Sold - Mon 7th January
Buyer Enquiry From $385,000
ListingID: K3848


House Area: 100m2Land Area: 857m2Property Type: HouseRV: $280,000
Property Details:

House Sold - Otaki Kapiti Coast

If you are a shrewd Wellington investor looking to play the futures market, you will be well aware of the movement North as a result of the new super highway.
Here’s a chance to buy a solid 1950s cottage at an entry level price, ideally located for tenants just a few blocks North of the small Otaki township with its shops and cafes.
The street name that bares reference to Te Rauparahas original resting place, is a guide as to the cottages proximity to the famous Rangiatea Church and its well recorded history.
On offer at number 26 is a modest 100 sqm dwelling with its roughcast concrete exterior, and a full size section covering 856 sqm with tandem garaging to the rear.
The interior has been well maintained and preserved by its Kapiti owners, but still allows the potential to upgrade the property even further.
As it stands the cottage has 2 double bedrooms, a study, open living/dining, original kitchen, a modified bathroom, and a new colour steel iron roof in 2013.
This is the ideal property for investors as the potential exists for further capital investment, along with the projected increase in the growth curve making for a good long term hold.
With bank interest rates at historically low levels, now is the perfect time to be doing this as you will be getting both rental returns and capital gains to secure your retirement.

Enq Lynda Price

BEO $385k (Available for immediate sale)

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Property Features
  • House
  • 2 bed
  • 1 bath
  • 1 Parking Spaces
  • Land is 857 m²
  • Floor Area is 100 m²
  • Garage

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