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Linwood, 1 & 2/166 Linwood Avenue

Cash Cow Waits for No One!

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Sold
Sold
Listing Number: CR38287
About this listing

SOLD - This listing was sold in June 2019.

With bank interest rates at an all time low and now that CGT is off the table too, how can you pass up this fabulous opportunity? While the owner wishes to keep this "cash cow", she is letting you enjoy the benefits as a new project has captured her heart.

This well-maintained property on a 505m2 on a medium density (L2) site has been legally converted into two rental flats. The one bedroom, (flat 1) has its own living room, kitchen, bathroom and garden shed. It is rented for $205 per week and on a fixed term till Feb 2020. While the three bedroom (flat 2) also includes a living room, kitchen, bathroom and single car garage. It brings in a rental of $290 per week (please note that this tenant has been paying rent diligently for the last 17 years!)

Various options are on the table. Continue to keep the 1 bedroom flat rented and live in the three bedroom or just continue to rent it out as it is.

Being so near to the city it suits city workers and being so central it is near to most destinations. Enjoy the resurgence of city entertainment and eating places close by. Call early to avoid disappointment.


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Property Information
  • Land Size: 506 sqm
  • Property Type: House
  • Property Features: Smoke alarms
  • Roof: Iron
  • Tenure: Freehold
  • Property condition: Good
  • House style: Villa
  • Garaging / carparking: Single lock-up
  • Construction: Stucco
  • Joinery: Timber
  • Insulation: Floor, Ceiling
  • Flooring: Carpet and Vinyl
  • Window coverings: Net curtains
  • Heating / Cooling: Heat pump
  • Electrical: TV aerial
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove
  • Kitchen: Original, Upright stove and Rangehood
  • Living area: Open plan
  • Main bedroom: Double
  • Bedroom 2: Double
  • Bedroom 3: Double
  • Bedroom 4: Single
  • Main bathroom: Bath, Separate shower, Shower over bath, Exhaust fan
  • Laundry: In bathroom
  • Workshop: Separate
  • Views: City
  • Aspect: North
  • Outdoor living: Clothes line
  • Fencing: Fully fenced
  • Land contour: Flat
  • Grounds: Backyard access
  • Garden: Garden shed
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to schools, Close to shops

Contact Details

Harcourts City Christchurch

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Ave
Christchurch
Office website

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