48 Chelsea Street, Linwood
Value: $600,000
Another off-market opportunity that came our way, this one came through a local agent. The property had suffered damage through the earthquakes and consequently had become tired and run down.
An offer was presented and accepted and we didn’t muck around getting our investigations underway. In a great location opposite the mall and with an opportunity to add a bathroom and an option for another bedroom we knew once repaired it would make a great rental. Repaired, renovated and now rented we couldn’t have been more right.
Great equity and a great yield have made this a quality investment for us.