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127c Lake Road, Koutu, Rotorua, Bay of Plenty, 3 Bedrooms, 2 Bathrooms, House

$345,000

127c Lake Road, Koutu, Rotorua, Bay of Plenty

3
2
103m2
HouseListed on Thu Oct 5

Koutu 3 Bedroom Investors check the numbers

This property is currently rented at $530 per week. Gross return $27560 pa.

This 3-bedroom, 2-bathroom house is now available for sale. With no grounds to maintain this would make a perfect lock and leave, or maintain it with its current tenant as a longer term investment. There is room to improve and add value here for the right buyer.

Situated on the fringe of the city it's a very easy commute whether you drive or prefer to stroll, this property offers a comfortable size living space with separate dining room or office. The full length deck is accessed off the lounge and situated on the north side so you can enjoy outdoor living and relaxation.

Conveniently located, this property is close to various amenities shops, transport and the city central hub, making it an ideal choice for those seeking to live handy to city life or work. Whether you're looking for a place to call home or an investment opportunity, this property is definitely worth considering.

Location

Council Data

Last update : 2024 06 25
Improvement value$275,000Increased by 30% from year 2020
Land value$180,000Reduced by -2% from year 2020
CV(Year 2023 Month 07)$455,000Increased by 15% from year 2020
View typeNo appreciable view
ContourLevel
Floor area103m²
Decade of construction1950
Title631185
Type of titleCross-Lease
Legal descriptionAREA 3 DP 448582, LOT 1 DPS 11423
CouncilRotorua
Estate descriptionFSIM,1/3,LOT 1 DEPOSITED PLAN SOUTH AUCKLAND 11423,911m2
ConstructionExternal Walls: Wood Roof: Tiles
ConditionExternal Walls: Average Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Rotorua Boys' High School
1.10 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 502
3
Rotorua School
1.19 km
Primary
1-8
Government
Co-Educational
EQI: 520
3
Western Heights High School
1.76 km
Secondary
9-15
Government
Co-Educational
EQI: 492
4
John Paul College
1.91 km
Secondary
7-15
Government
Co-Educational
EQI: 416
7
Rotorua Girls' High School
2.28 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 525
3

Property history

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For developers

Unitary plan:-
Land:-
Title:Cross-Lease
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.20 km
2
1
70m2
Year 2024 Month 05 Day 20
$450,000
Council approved
0.36 km
3
1
90m2
Year 2024 Month 04 Day 22
$465,000
Council approved
0.42 km
2
1
68m2
Year 2024 Month 03 Day 20
$250,000
Council approved
9a Koutu Road
0.21 km
3
1
94m2
Year 2024 Month 02 Day 02
$405,000
Council approved
0.49 km
2
1
91m2
Year 2024 Month 01 Day 26
$220,000
Council approved

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Ref:ROT31252Last update:2024-06-10 15:10:46