Purchase with confidence and request the independent building report available upon inspection. There is huge potential here to add your personal touches to this unique multi-level home as either a large family home, a home and income or as a high earning rental. With the Government's announcement that new builds will be exempt from new tax rules, which includes 'one house renovated to create two houses', there is plenty of upside here to be explored.
Consider splitting the house into an upstairs studio apartment and a four-bedroom home downstairs; living in one and renting out the other. Achieved through a partial conversion of the ground level undercover space into a large north-facing, open plan living room/kitchen (as drafted in conversion plans available for download). Preparations has already been made for the apartment/house conversion with separate power supply, hot water cylinders, laundry and kitchen facilities.
This five-bedroom home is situated in a sunny, north-facing location with an elevated outlook, and is zoned for Hillcrest Highschool. This home is earning $745pw and a rental appraisal shows it sitting from $790 - $840pw as a 6-bedroom flat, and $1015 - $1045pw as two separate flats (see rental appraisals for details).
The home features a large open plan living, dining, kitchen area with a bathroom on the main floor. Further levels boast five good sized bedrooms plus another large bathroom and an office. The ground floor includes laundry, kitchenette, undercover parking for two cars and additional parking.
Location is key with this home positioned next to St Johns College, 5 minutes' walk to Waikato University and is close to Hillcrest High School, Hillcrest Primary School and Berkley Intermediate. Call Jason or Joy today to find out more.
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