Sold
7 Stephen Street,
Johnsonville, Wellington City
NZD 850,000
Property details
-
Agents
Features
- Study
Chattels
- Stove
- Rangehood
- Dishwasher
- Light Fittings
- Floor Covers
- Blinds
- Curtains
- Drapes
Massacre your Mortgage!
Often overlooked, dual dwellings on one title make sound financial sense to help you improve your cashflow and take years off your mortgage.
Example: the interest for a $850k loan at 4% is $654/week and our rental assessment midpoints estimate $675 & $550/week for the upper & lower dwellings respectively...
If you live up and rent down, you're essentially only paying interest against a $371k loan. If you instead live down and rent up - even better! - you're essentially only paying interest against a $262k loan.
The main dwelling comprises 2/3 bedrooms with spacious indoor/outdoor living and the lower dwelling comprises 1 bedroom + a study. The location? Excellent! An easy walk to the local shopping, amenities and transport links.
Although there is some work to be done here (excluding the new roof installed in 2020) it's not often you find an easy care property with opportunities. Don't let rising interest rates prevent you from jumping on the property ladder!
RV: 980,000
Rates: $3,306.94 p.a.
Example: the interest for a $850k loan at 4% is $654/week and our rental assessment midpoints estimate $675 & $550/week for the upper & lower dwellings respectively...
If you live up and rent down, you're essentially only paying interest against a $371k loan. If you instead live down and rent up - even better! - you're essentially only paying interest against a $262k loan.
The main dwelling comprises 2/3 bedrooms with spacious indoor/outdoor living and the lower dwelling comprises 1 bedroom + a study. The location? Excellent! An easy walk to the local shopping, amenities and transport links.
Although there is some work to be done here (excluding the new roof installed in 2020) it's not often you find an easy care property with opportunities. Don't let rising interest rates prevent you from jumping on the property ladder!
RV: 980,000
Rates: $3,306.94 p.a.
Explore the area
School catchments
- Raroa Normal Intermediate Intermediate Years 7-8 State 0.39km
- Wellington Hills Christian College Composite Years 1-15 State integrated 0.46km
- West Park School Primary Years 1-6 State 0.57km
- Onslow College Secondary Years 9-15 State 0.60km
- St Brigids School (Johnsonville) Full primary Years 1-8 State integrated 0.62km
- Johnsonville School Primary Years 1-6 State 0.99km
- Newlands School Primary Years 1-6 State 1.6km
- Rewa Rewa School Primary Years 1-6 State 1.6km
- Bellevue School (Newlands) Primary Years 1-6 State 1.9km
- Newlands College Secondary Years 9-15 State 2.0km
- Newlands Intermediate Intermediate Years 7-8 State 2.1km
- Paparangi School Primary Years 1-6 State 2.1km
- Khandallah School Primary Years 1-6 State 2.1km
- Churton Park School Primary Years 1-6 State 2.2km
- Cashmere Avenue School Primary Years 1-6 State 2.2km
- St Benedict's School (Khandallah) Full primary Years 1-8 State integrated 2.6km
- Amesbury School Primary Years 1-6 State 3.2km
- Queen Margaret College Composite Years 1-15 Private 5.3km
- Wellington Girls' College Secondary Years 9-15 State 5.6km
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 5.8km
- Altum Academy Secondary Years 7-15 Charter 6.5km
- Te Ara Whanui Kura Kaupapa Māori o ngā Kōhanga Reo o Te Awa Kairangi Composite Years 1-15 State 7.3km
- Tawa College Secondary Years 9-15 State 7.4km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 7.9km
- Hutt Valley High School Secondary Years 9-15 State 8.4km
- Wellington East Girls' College Secondary Years 9-15 State 8.4km
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 8.4km
- Wellington College Secondary Years 9-15 State 8.6km
- Sacred Heart College (Lower Hutt) Secondary Years 9-15 State integrated 8.9km
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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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.