Raine & Horne St Martins | Somerfield
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  • 15 Taramea Place, Addington, NZ

15 Taramea Place, Addington

  • 5 Bed
  • 2 Bath
  • 5garages

Sold

Highly Yielding Rental Returns!!!

Ripe as a peach for the picking. If you have a long-term vision of owning investment properties, you will know that returns are everything and will help you build your portfolio faster than low yielding. Packed with the right ingredients this property is a spacious five-bedroom, two-bathroom home of 150sqm (approx.) master with ensuite. It further offers a studio room that has been fully utilised over the previous years and the consented woodburner was installed in 2014. The property is situated on a preferred RMD medium density freehold title of 630sqm (approx.) Maintenance and upkeep have been sustained to a very good level by the current owners of over eight years. With base line rent of $200-$250pw out there being the normal you can easily see how a five-bedroom home can offer you returns to grow your portfolio with and create capital for the future, also with the provision of long-term gain with its RMD aspect leaning towards probable redevelopment. You cannot afford to miss this little money maker in the heartland of Christchurch’s growth district just minutes from the CBD and local activities on offer at the Stadiums just a two-minute walk away. Interest rates are immediately set to decline over the next few months with some changes already here. This will be an absolute must have item in the next six months so get your foot in the door today and feel the gratitude when the rates start tumbling down. Cannot be missed.

Deadline Sale closes 4pm Thursday 15th August 2024 (unless sold prior)

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avatar Peter Warren
Peter Warren
Franchise Owner & Licensed Salesperson
avatar Jo Warren
Jo Warren
Franchise Owner & Licensed Salesperson

Got a property to sell? Contact us for a free Request Appraisal

Property Info:
  • Property ID: L31177625
  • Property Type:House
  • Building / Floor Area:150 sqm
  • Garages:2
  • Open Parking:3
  • Land Area:630 sqm
We Know Your Area
R&H Suburb Profile: Addington
R&H Suburb SummaryHouses
Number of sales27
Average Price$601,844
Median Price$595,000
Median Rental Price$ p.w.
Change in Rental Rate (5yr)n/a
Median Trend - $595,000
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