4 Mere Mere Street, Seaview

Value: $500,000

This property had been on the market for some time before we made any offers.

Originally advertised for sale at $429,000. With the Timaru market being quite strong there were offers however with a few minor repairs required first home buyers were put off.

With increased urgency from the vendor our offer of $320,000 was accepted. No costly repairs have been carried out to date, however our intention will be to carry out repairs and maintenance over the next few years. Current rent is $590pw giving us a 9.5% return.

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