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Investor or 1st Home Buyer


15 Munro Street, Elgin Gisborne 4010


Tender closed and Tender accepted … and now under Conditional Contract.

FIRST HOME BUYERS : BEAT THE RENT TRAP … Home ownership beats renting anytime. In a market where rents are “through the roof” and interest rates at a record low – the time has never been better to seriously consider cashing up your Kiwisaver/HomeStart Grant and getting a starter home. With the rent you are paying now, you could easily be enjoying all the benefits of home ownership with this property instead.

INVESTORS : CRUNCH YOUR NUMBERS … what rate of return are you seeking to add a solid returner to your portfolio. Current market rent is assessed @ $360 – $380 . There continues to be strong demand for housing in Gisborne, and this one would be an easy number cruncher. 1960s concrete tile roof, weatherboard cladding and timber sturdy construction AND, with a recent make-over; you can’t go wrong.

With the owner occupier having now moved on, this entry level starter has all the basics for you, and is move in ready. This is an opportunity not to be missed, talk to your Bank manager – NOW! and stop making your landlord rich.

• Rates: $2,664.54
• 2017 RV: $112,000

  • Address: 15 Munro Street,
  • Area: Elgin
  • State/Country: Gisborne/NZ
  • Zip: 4010
  • Property Id: RX2417556
  • Property Size: 100 m²
  • Property Lot Size: 663 m²
  • Bedrooms: 3
  • Bathrooms: 1
  • Toilet
  • 2 Garage