Bargain Buying In Papanui?
8 Richards Avenue, Papanui
- 3 Bedrooms
- 1 Bathrooms
- 1 Car Spaces
This could be an alternative to renting or the cheapest way to get on to the property ladder or perhaps start (or add to) your investment portfolio? Occupying a TC2 zoned Leasehold section of 806m2, this 1950’s 3 bedroom bungalow features an open plan kitchen and dining area, adjoining a sunny living room. The property has certainly seen better days but is quite liveable as it is, while scope exists to enhance both the house and the land it occupies. School zones include Waimairi, Cobham Intermediate and Papanui High.
The Lease term is 21 years (perpetually renewable) and the current lease ends on 30 June 2041. The Ground Rent is $15,600 PA, payable in quarterly instalments with rent reviews every 7 years. Rates (currently $2567 Per Annum) and insurance are additional.
Our owners have issued firm instructions for it to be sold either on, or before the scheduled auction date. Someone could be in for a bargain? Why not you?
But wait! There’s more: The Vendors will reward the successful purchaser with a $5000 Mitre 10 “Home Improvement” voucher to spend on the house!
Best you come and check it out…
For more information please copy and paste the below link into your web browser:
|Land Size||806 sqm|
|Roof||Tile and Concrete|
|Tenure||Leasehold Details (Leasehold)|
|Approx year built||1951|
|Garaging / carparking||Single lock-up|
|Flooring||Carpet and Vinyl|
|Window coverings||Drapes, Blinds|
|Heating / Cooling||Heat pump, Gas bottled, Electric, Other (Gas fire; HRV system)|
|Chattels remaining||Blinds, Fixed floor coverings, Light fittings, Stove, Heat pump, Curtains|
|Kitchen||Original, Open plan, Upright stove and Finished in Laminate|
|Living area||Open plan|
|Main bedroom||Double and Built-in-robe|
|Main bathroom||Bath, Separate shower, Heater|
|Outdoor living||Garden, Deck / patio|
|Grounds||Backyard access, Overgrown|
|Water supply||Town supply|
|Locality||Close to shops, Close to schools, Close to transport|