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499A/497 Yarrow Street,
Glengarry, Invercargill
NZD 970,000
Property details
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Agents
Ray White Invercargill: Progressive Realty Group Limited Licensed (REAA 2008)
33 Arena Ave, Invercargill 9810
Chattels
- Cooktop Oven
- Stove
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Curtains
- Drapes
- Garden Shed
- TV Aerial
Potential to earn over 90K by 2024.
We are excited to present to you a rare investment opportunity at 499A-497 Yarrow Street, Glengarry - four three bedroom townhouses that are currently generating a robust annual income of $83,200.00 per Annum.
Situated on approx. 1467 sqm, this property is not only an excellent investment but these townhouses are in Healthy Home compliant buildings, having been recently renovated to meet modern standards. Additionally, one units have double glazing, ensuring comfort and energy efficiency. One of the key selling points of this investment is its prime location. Conveniently located near all amenities, including shops, schools and the CBD, making it an attractive choice for tenants. Each townhouse comes equipped with a heat pump and North facing living, providing efficient heating for the colder months, adding to the overall appeal of the property.
Now is a great time to invest in Southland, which has demonstrated a highly resilient property market. Invercargill, in particular, has been recognized as a top New Zealand region for growth in 2023. The lower cost of living, affordable entry-level housing, and higher rental yields make it an ideal destination for investors. Over the last five years, Invercargill has seen significant population growth due to the lower cost of living and a thriving local economy. This has translated into a growing demand for rental properties, making this investment opportunity even more compelling.
This is an excellent opportunity to enhance your rental portfolio and take advantage of the thriving real estate market in Invercargill. With its Healthy Home compliance and proximity to the new inner city development, 499A-497 Yarrow Street is a solid investment choice for the astute investor.
499 Yarrow - $350.00 Pw
499A Yarrow - $420.00 Pw
497A Yarrow - $400.00 Pw
497 Yarrow - $430.00 Pw
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only.
Situated on approx. 1467 sqm, this property is not only an excellent investment but these townhouses are in Healthy Home compliant buildings, having been recently renovated to meet modern standards. Additionally, one units have double glazing, ensuring comfort and energy efficiency. One of the key selling points of this investment is its prime location. Conveniently located near all amenities, including shops, schools and the CBD, making it an attractive choice for tenants. Each townhouse comes equipped with a heat pump and North facing living, providing efficient heating for the colder months, adding to the overall appeal of the property.
Now is a great time to invest in Southland, which has demonstrated a highly resilient property market. Invercargill, in particular, has been recognized as a top New Zealand region for growth in 2023. The lower cost of living, affordable entry-level housing, and higher rental yields make it an ideal destination for investors. Over the last five years, Invercargill has seen significant population growth due to the lower cost of living and a thriving local economy. This has translated into a growing demand for rental properties, making this investment opportunity even more compelling.
This is an excellent opportunity to enhance your rental portfolio and take advantage of the thriving real estate market in Invercargill. With its Healthy Home compliance and proximity to the new inner city development, 499A-497 Yarrow Street is a solid investment choice for the astute investor.
499 Yarrow - $350.00 Pw
499A Yarrow - $420.00 Pw
497A Yarrow - $400.00 Pw
497 Yarrow - $430.00 Pw
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only.
Explore the area
School catchments
- Ascot Community School Full primary Years 1-8 State 0.49km
- Waverley Park School Primary Years 1-6 State 0.71km
- St Theresa's School (Invercargill) Primary Years 1-6 State integrated 1.2km
- James Hargest College Secondary Years 7-15 State 1.4km
- Te Wharekura o Arowhenua Composite Years 1-15 State 1.7km
- Verdon College Secondary Years 7-15 State integrated 1.7km
- Windsor North School Primary Years 1-6 State 1.8km
- Salford School Primary Years 1-6 State 1.9km
- Newfield Park School Primary Years 1-6 State 2.0km
- Southland Boys' High School Secondary Years 7-15 State 2.2km
- Southland Girls' High School Secondary Years 7-15 State 2.3km
- Invercargill Middle School Primary Years 1-6 State 2.3km
- Waihopai School Primary Years 1-6 State 2.5km
- St Patrick's School (Invercargill) Primary Years 1-6 State integrated 2.7km
- St John's Girls' School (Invercargill) Full primary Years 1-8 State integrated 2.9km
- St Joseph's School (Invercargill) Full primary Years 1-8 State integrated 3.0km
- Aurora College Secondary Years 7-15 State 3.2km
- Fernworth Primary School Primary Years 1-6 State 3.4km
- New River Primary Primary Years 1-6 State 4.1km
- Myross Bush School Primary Years 1-6 State 4.2km
- Aparima College Secondary Years 7-15 State 28.8km
- Central Southland College Secondary Years 9-15 State 30.0km
- Menzies College Secondary Years 7-15 State 36.4km
- St Peter's College (Gore) Secondary Years 7-15 State integrated 52.9km
- Māruawai College Secondary Years 7-15 State 53.5km
- Waiau Area School Composite Years 1-15 State 61.6km
- Northern Southland College Secondary Years 7-15 State 73.4km
- Blue Mountain College Secondary Years 7-15 State 84.7km
- The Catlins Area School Composite Years 1-15 State 98.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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