174 North Belt, Lincoln, Selwyn

Nestled at 174 North Belt, Lincoln, Selwyn, this exceptional investment opportunity is a collection of three freehold titles encompassing a total land area of 2839m². The property, built in 1920 with mixed materials for both walls and roof, presents a mix of residential dwellings, all adhering to Healthy Homes standards. It boasts 19 bedrooms, with one carpark, and a floor area of 160m² - a prime real estate in a high-demand location. With a consistent Capital Value (CV) of $590,000 since September 2021, and a HouGarden AVM of $537,500, this property offers a secure investment with a potential for growth.

History shows a stable CV with no increase percentage, yet the property's true value lies in its rental potential and development opportunities, all subject to council approval. Sold as a whole, it currently generates a total rental return of $835.00 per week from 174 North Belt, $1,500.00 from Lot 1 at 2 West Belt, and $869.00 from Lot 2, offering a total of 9 rental units with strong yields.

Educationally, the property falls within the zones of highly-rated schools such as Villa Maria College (Decile 9), Lincoln Primary School (Decile 10), Lincoln High School (Decile 10), and more. This central location not only provides access to quality education but also to amenities, public transport, and local infrastructure, making it an ideal investment for those seeking long-term returns.

Updated on December 19, 2024