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Christchurch City Median Price
Christchurch City Median Rent
Northcote rent price
Christchurch City schools
A49 Northcote Road, Northcote
$420,000+ listed in Sep 2014
House: 5 Bed rooms 1 Bath rooms
Land size: 804 sqm | Building size: 170 sqm [Measure]

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Property Description:
Large 5 bedroom or could be 4 bedroom two lounge home. Generous sized bedrooms, original wood panelling. Updated kitchen and bathroom, bathroom with a double corner spa bath. Two toilets for busy mornings. Currently heated by one heatpump but negotiating with EQC for another! Just EQC completed last week so has a fresh coat of paint. Double sized garage but only fits one car.

ALSO has a self contained sleepout (three small rooms) at the end of the property which is quite separate from the main house though attached to the garage. It has been there since 1930, the council have been out and had no complaints re its usage.

Figures for investors currently rented for $690 per week (though sleep out currently under rented to long term tennant), which at listed price would return around a 7.7% yield! So it would cover itself! Or rent out room by room or put a couple more studios out the back- endless opportunities.

For families- live in the front and rent out the sleepout for an easy $160-190 per week. Or put the teenagers out there for some peace and quiet!

Wait there is more, the property is subject to road widening for just over 5 metres off the front of the property however the council will need to buy this off you so more off your mortgage and if you are investor more to invest.

Cladding: cladding over wood so no need to paint. Roof: tile
I'm keeping the costs down through Private sale so a win win cost wise. No agents please!
Nearby Schools:
NameTypeDecileDistance
St Joseph's School (Papanui)Primary9568 meters
Papanui High SchoolSecondary6865 meters
Christchurch Adventist SchoolCombined61.6 km
St Andrew's College (Christchurch)Combined102.5 km
St Patrick's School (Bryndwr)Primary103.1 km
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The property data is from the public websites.

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