8%+ return will make this home an easy entry onto the property market! Become a home owner within easy reach of Auckland. The mortgage payments are going be less than the rental income.

Will even take a realistic trade (i.e a car/boat) max 10% of purchase price.
Banks are lending up to 90%+ again, so you CAN afford this move. Cheaper than an inner city shoebox apartment.

This house sits on 1/4 acre and has never been vacant over the last 10 years of ownership except now, as it is for sale. Rental income is $250pw+.
Current GV is $190K, new GV is $175K, 2007 registered valuation was $150K.

Selling below GV and 1 hour north of bridge, 5 Km from major employment provider (Fonterra factory) and quaint township Maungaturoto.

It needs no repairs, has a new roof and Aluminium joinery and here is it's full decription:
A rural residential section held under a freehold title, containing a 2-bedroom dwelling with a workshop garage.

Sloping square lot of 1,012m2 1 hr north of Albany. Current access to the site is from State Highway 12 Brynderwyn along its northern boundary. The perimeter is stock fenced to the adjoining rear farmland. The property has an electrically operated fresh water spring bore for unlimited supply.
The 50-year-old two-level, 2-bedroom comprising approximately 85m2 with an additional 13m2 of roofed entry porch and storage room on the nor-eastern aspect. Construction is by pine timber framing, and plastered ceilings, timber weatherboard cladding and colour-steel iron roofing tiles. The interior is carpeted with modest and functional amenities and the house has new Aluminium windows throughout.
There is a galvanised steel garage/workshop measuring 6.5 X 7.2m with a coloursteel roof and door. The floor is concrete and particle board over the elevated workshop area.

So why am I so cheap?

1. There are no agent fees
2. Th