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2 Joseph Grove, Elderslea, Upper Hutt, Wellington, 7 Bedrooms, 3 Bathrooms, Unit

Tender

2 Joseph Grove, Elderslea, Upper Hutt, Wellington

7
3
210m2
673m2
UnitListed on Mon Nov 25

Elderslea 7 Bedroom Residential Investment Block - Must Sell!

Owners instructions are clear - we want options!

• Investors... here is a rare opportunity to get around a 6% gross plus return - you do the numbers!

• Fixed term tenants, some of whom have been occupants for over 8 years and all want to stay.

• Current rental income is over $70,000 a year.

• Unit 1 (3 bed) currently rented at $500 per week, fixed until November 2025

• Unit 2 (2 bed) currently rented at $415 per week, periodic

• Unit 3 (2 bed) currently rented at $435 per week, periodic

• All three units are on one title.

• Two 2 bedroom units and a 3 bedroom unit, all with off street parking in an amazing location.

• Walking distance to Upper Hutt CBD, Train Station, Brewtown as well as local schools and parks.

Owners will consider all offers cash or conditional prior to close of tender.

All information can be downloaded from www.agentsend.com/2JOSEPHGROVE

Tender closes 19 December 2024 at 4.00pm unless sold prior.

Location

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Council Data

Last update : 2024 12 11
Improvement value$510,000Increased by 21% from year 2019
Land value$720,000Increased by 46% from year 2019
CV(Year 2022 Month 07)$1,230,000Increased by 35% from year 2019
View typeNo appreciable view
ContourLevel
Land area673m²
Floor area210m²
Decade of construction1967
TitleWNF2/767
Type of titleFreehold
Legal descriptionLOT 22 DP 26057
CouncilUpper Hutt
Estate descriptionFSIM,1/1,LOT 22 DEPOSITED PLAN 26057,673m2
ConstructionExternal Walls: Brick
Roof: Iron
ConditionExternal Walls: Average
Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Heretaunga College
0.88 km
Secondary
9-15
Government
Co-Educational
EQI: 472
6

Property history

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For developers

Unitary plan:-
Land:673m²
Title:Freehold

Surrounding facilities

Joseph Grove Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.01 km
2
1
82m2
Year 2024 Month 11 Day 23
$615,000
Council approved
5 Massey Street, Elderslea
0.17 km
4
2
140m2
Year 2024 Month 11 Day 01
-
Council approved
76c Martin Street, Wallaceville
0.09 km
2
1
82m2
Year 2024 Month 09 Day 18
$570,000
Council approved
3/54 Martin Street, Wallaceville
0.17 km
2
1
64m2
Year 2024 Month 08 Day 29
-
Council approved
4/54 Martin Street, Wallaceville
0.18 km
2
1
64m2
Year 2024 Month 08 Day 27
-
Council approved

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Ref:UH25823Last update:2024-12-09 12:35:45