Two Flat Potential Diamond

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Here is your opportunity to realise fantastic capital growth and rental returns in this highly sought after location. This weatherboard turn of the century property will respond well to further improvement and modernisation as the position is perfect and properties in this area are always in great demand. Currently configured into two flats, the upper flat consists of three bedrooms (two singles and a double) bathroom with bath/shower, kitchen and separate lounge as well as a view of the city from one side and the Town Belt from the other. The lower flat consists of two double bedrooms, bathroom with shower and similar layout as the top flat. Both flats retain some character features such as the beautiful bay windows, original floorboards, and coloured glass panels. The fantastic location is only a three minute walk to the bus and dairy and a thirteen minute stroll to Courtney Place with heaps of restaurants and entertainment. This is one of the better opportunities to acquire a two-flat property with potential to come on the market for a while. Perfect for the investor or live in one flat and rent out the other. The property does require some structural work and renovation so if you have the energy and focus and are looking for an original inner city old lady; This is too good to miss!

This property has been identified by the WCC as earthquake prone and will require strengthening by November 2027.

Rates: $3405.78 pa.
Floor Area: 140 sqm approx.
RV: $600,000
Age: 1900-09 approx.
Title: Crosslease

Rateable Value:RV $600,000
Address:Mt Victoria
City:Wellington
Year Built:1900-09
Floor size (m2):140
Rates:$3405.78 pa.
Legal DescriptionLot 11 Deposited Plan 645 AND Flat 2 Deposited Plan 74750
Bedrooms:3+2
Bathrooms:2
Rent:owner occupied
Access:Walk-on

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