48 Heywood Terrace, Richmond - myplace | Real Estate for Sale in New Zealand

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Three Flats, One Title, Endless Options - MRZ Zoned

48 Heywood Terrace, Richmond, Christchurch City

220

524

Three self-contained flats, one seriously flexible asset. Sitting on 524sqm (more or less) of MRZ-zoned land, this 220sqm (more or less) dwelling delivers rental income today and development upside tomorrow — the kind of dual-play investors chase and rarely find.

The numbers:
• Flat 1 — 1 bedroom, open-plan kitchen/living, bathroom — $370pw
• Flat 2 — Generous bedroom, separate kitchen and living, bathroom — $375pw
• Flat 3 (upstairs) — Large sunny bedroom, separate lounge, kitchen, bathroom — $420pw
Total: $1,165pw / $60,580pa = 7.97% Return on Asking Price.

Hold it for the yield. Bank it for the land. Either way, MRZ zoning keeps your options open long after settlement.
Strong cashflow, blue-chip zoning, three income streams under one roof.

Call now for details.

Source: PropertyGuru — Vendor, CCC.