Investor Opportunity - High-Yield, Income-Ready Property with Vendor Finance
8A Lahore Street, Wairoa
$299,000
Viewing times
There are currently no scheduled open homes.
This well-positioned 187m² property presents a compelling addition to any investment portfolio, combining the potential for strong returns, a low maintenance section, and flexible financing.
Vendor Finance - Unlocking Over 11% Yield
A standout feature of this investment is the vendor finance option for approved purchasers, offering a rare opportunity to maximise returns with reduced upfront capital. With just $200,000 required at settlement and the remaining $99,000 deferred interest-free for 7 years, investors can significantly leverage their position.
The Property
Privately set back from the road yet within easy reach of schools, town services, and community amenities, the property appeals to a broad tenant base seeking convenient, central living. The generous open-plan living and dining area, complemented by two cast iron pot belly stoves, provides year-round comfort, an attractive feature for long-term tenant retention.
Configured with three to four versatile bedrooms and a spacious, practical kitchen, the layout supports multiple rental strategies including families, shared accommodation, or contractor housing.
Designed with low upkeep in mind, the property features a combined shower and laundry area, separate toilet, and a sunny, fully paved courtyard, eliminating lawn maintenance and reducing ongoing costs. Ample off-street parking, including space for larger vehicles such as motorhomes, further enhances tenant appeal.
Recent upgrades provide peace of mind for investors, including a full electrical rewire and installation of an Intertenancy Firewall following the 2023 subdivision, ensuring compliance and long-term durability.
Vendor Finance - Unlocking Over 11% Yield
A standout feature of this investment is the vendor finance option for approved purchasers, offering a rare opportunity to maximise returns with reduced upfront capital. With just $200,000 required at settlement and the remaining $99,000 deferred interest-free for 7 years, investors can significantly leverage their position.
Based on the current rent of $440 per week, this structure delivers a gross yield of over 11%, making it a high-performing asset in today's market. The deferred balance is secured by a first mortgage and is only payable at the end of the term or upon sale, providing flexibility and strong cashflow from day one.
Currently tenanted, this is a true turnkey investment delivering immediate income. With residential zoning and broad rental appeal, it is ideally suited to contractor accommodation, lock-and-leave tenants, or investors seeking a hassle-free, high-yield addition to their portfolio.
Secure a high-return, low-maintenance asset with built-in financial leverage.
Please note: Land and floor area measurements are approximate, and boundary lines indicative only. Reasonable efforts have been made to source information from reputable sources. We do not, however, warrant its accuracy or fitness for any purpose. Purchasers should independently verify information through a due diligence investigation if it is relevant to their decision to purchase.