Islington Street, Trentham, Wellington

Welcome to 31 Islington Street, a unique and highly desirable property in the heart of Trentham, Upper Hutt. This remarkable offering features three one-bedroom units, each approximately 43 square meters on 632m2 fee simple LOT. Each unit boasts its own separate bedroom and an open-plan living and kitchen area, all conforming to current rental standards. Presently, all units are rented out on various agreements, with a new rental appraisal indicating potential weekly rents of $380-$400.

The demand for one-bedroom units in Upper Hutt is soaring, ensuring no difficulty in securing new tenants. With only one set of rates and insurance, this property is an attractive investment opportunity, offering the convenience of multiple incomes from a single title. The units, while standard, provide a fantastic opportunity for upgrades, allowing you to add value and increase equity.

The property features low-maintenance brick cladding and is conveniently located within walking distance to public transport, parks, schools, and restaurants. This makes 31 Islington Street an ideal choice for both investors and tenants seeking a prime location.

Don't miss out on this rare opportunity to own a piece of Upper Hutt's property market - an investment that promises ease, convenience, and potential for growth.

Updated Rental Appraisal Rent Returns (based on $400 per week)

If sold for $950,000: Annual rent return: $62,400 - Gross yield: 6.57%
If sold for $1,000,000: Annual rent return: $62,400 - Gross yield: 6.24%
If sold for $1,050,000: Annual rent return: $62,400 - Gross yield: 5.94%

You are invited to attend the open home, call Rachael now!

Text 31isli to 3324 for your webbook of this property.