7 Stephen Street Johnsonville, Wellington City

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.