Cashflow with L3 Land

1 x 2 bedroom unit and 1 x 1 bedroom unit.


Linwood, 374 Gloucester Street - ref #S1471

  • Neg Over $329,000
  • 3 Bedroom/s
  • 2 Bathroom/s
  • 2 Garage/s

Property Information

  • Listing #S1471
  • Legal descriptionRS Pt26 Canterbury Dist
  • CT number CB20B/661
  • Land area 626m2
  • Floor area 160m2
  • Land zone L3
  • Land value $199,000
  • Improvements $86,000
  • Capital value $285,000
  • Rates $2,001.95pa
  • ParkingDouble garage
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.
  • 626m2 L3 section Tc2.
  • Currently rented at $185 and $240 per week.
  • All Eqc work completed.
  • Double garage plus off street parking.
  • Great investment property or ideal for extended family. Properties in this price bracket are increasingly difficult to find.
  • Potential to improve property and increase rents. Current area average rents for a 1 bedroom flat is $220 and 2 bedroom flat $276 per week.
  • View Map

To view, call Braziers on 377 7122

Rebecca Manawatu

Braziers Limited MREINZ
Licensed Real Estate Agents
03 963 3942 (DDI)
021 570 156 (Mobile)
(03) 3777 122 (Office)
(03) 3777 120 (Fax)

The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis.  Third party information from local authorities etc should be checked independently before being relied upon for accuracy.