Big Home and Income Opportunity

4 Cumberland Road
Lower Shotover
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Asking Price $2m



6 beds
5 bathrooms
2 cars
263m² Floor Area

4 and 4A Cumberland Road offers a four-bedroom three-bathroom home and a two-bedroom two-bathroom attached unit.  The property is currently returning $2,200 per week rent ($1,400 for the house, $800 for the unit).

Completed in 2021, this contemporary property has a low maintenance exterior and a comfortable and modern interior. 

The four bedroom home offers two ensuited bathrooms.  The two other bedrooms share an adjoining bathroom, with a separate toilet.  All bedrooms have large wardrobes with built in shelving.  The open plan lounge, dining and kitchen area is spacious with high ceilings.  A scullery provides additional storage.  An outdoor sink and patio area off the living room provides a good BBQ spot.

The unit has two ensuited bedrooms and an open plan kitchen and lounge.  The unit also has an outdoor sink and BBQ area.

There is ample space on the property for carparking.  Located in popular Shotover Country, this property is a 10 minute walk or quick bike ride to the bus stop on Stalker Road. 

With current rental earnings of $114,400 per annum, and low annual fixed costs (QLDC and ORC rates currently $5,742 per annum and insurance $3,600 per annum), this property offers its new owner an attractive net income plus the potential for capital gains.

Karen Castiglione

Karen Castiglione
Lawyer/Director

Asking Price $1,050,000
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