38 Silvester Street, Woolston

Guaranteed and reliable income

Enquiries over $429,000

Located at the front of a well-established complex, this contemporary townhouse offers an exceptional opportunity for investors seeking a low-maintenance asset to enhance their portfolio. Featuring two spacious bedrooms and a well-appointed bathroom, the property’s open plan living and kitchen area creates a sense of expansive space, while a heat pump ensures year-round comfort.

The north-facing sheltered garden provides complete privacy for tenants and requires minimal maintenance. The property also includes a carpeted single garage with internal access, as well as an off-street parking space.

• Guaranteed rental income of $500 per week
• Five-year lease with Housing New Zealand (known as Kainga Ora), renewed through July 2029 with CPI annual adjustment and minor work threshold
• Tenants managed by Housing New Zealand (known as Kainga Ora)
• Eventual handback in originally leased condition
• Two generously sized bedrooms and a full-sized bathroom
• Internal access garage and off-street parking
• Fully compliant with Healthy Homes standards
• Conveniently located near New World, Woolston Club, and local dining options

With a renewed lease providing a reliable income stream and peace of mind, this property is an ideal “set and forget” investment opportunity generating $26,000 per annum. Don’t miss the chance to add this solid townhouse to your portfolio.

Please contact agent for further viewing times.