$316,623

Reduced from $530,000 to just $489,000, this is an urgent opportunity offering immediate income and long-term security.

Currently leased to Kainga Ora until August 2026 at $2,083 per month net, the property delivers guaranteed income from a government-backed tenant. Rent is CPI adjusted, paid on time, and all upkeep is covered by Kainga Ora, meaning stress free returns with no landlord involvement. With their interest in extending beyond the current lease, this is an investment that can continue paying for years to come.

At this price point, the numbers speak for themselves: more than $24,000 in annual net rent, hands-off management, and reliable occupancy. That's a yield that stands out in today's market.

The home is designed for low-maintenance ownership - brick exterior, tile-profile roof, and aluminium joinery. Inside, open-plan living flows to a tidy kitchen, with two bedrooms, bathroom, and internal access garaging. It's a practical layout tenants love, adding to long term appeal.

Location is another tick - walk to shops, cafes, and public transport, with easy access to the CBD and Chartwell.

Properties with government guaranteed income at this price point rarely come up, it is priced to sell and under bank instruction. Our Owners Loss could be a Great Gain for You.

$489,000 is a sharp buy for security, income, and peace of mind. Act now - the clock is ticking. Our OWNERS MUST SELL or LOSE EVERYTHING.

Amenities

• Bedrooms: 2
• Full Bathrooms: 1
• Partial Bathrooms: 0
• Property Type: Residential For Sale
• Home size: 0 ft² / 0 m²
• MLS: 19195-LC20268
• Status: Active

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