272 Rodney Road, Wellsford, Auckland

We have a fantastic investment opportunity with two x two bedroom brick units on the same title on a good sized easy care 832sqm property in Wellsford. With the current rental estimate at $550 per flat (per week), or $1,100 for the property, it’s a solid investment, and the numbers really do add up!Freehold site - Potential Development?With inflation forecast to drop over the next 12 months, and interest rates to follow. Where would you see this properties worth in a lower interest rate environment. Warkworth has seen massive growth, no doubt Wellsford has a lot more potential.Both flat are well-presented with spacious living, kitchen, dining and a heat pump in the lounge. They have 2 good sized bedrooms with lots of natural sunlight. You have the option of living in one and renting the other, or rent out both for twice the income. The property itself is nice and easy care, with a basement garage, separate garage and plenty of off-street parking. There is scope to renovate or further, develop, or simply rent out as is. A handy spot in Rodney, it’s walking distance to the full range of schooling, not to mention the library and your choice of café. Contact Colin Grant for more information about viewings, or for copies of documentation for this property.