Affordable Opportunity with Add Value Potential

266 Malfroy Road, Pomare, Rotorua 3015

For Sale

Asking Price $470,000 inclusive of GST (if any)

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Listing Reference #4446 . Listed: 12 Jun 2025

Property Specs

  • Bedrooms3
  • Bathrooms1
  • Living Rooms1
  • Dining Rooms1
  • Garaging1 car (single)
  • Off-street car parks2
  • Floor Area107 m2
  • Land Area947 m2
  • MaterialBrick
  • Levels1
  • TypeHouse
  • TitleFreehold
  • Year Built1950
  • Rateable Value$500,000

Phone Number

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Seller's Description

Looking for your next project?
This is a solid home with plenty of upside for those willing to take on a bit of work - and the numbers stack up.

🔍 The Essentials:
- 3-bedroom freestanding brick house with a cabin and external garage
- Currently tenanted at $575/week; appraisal $610-630
- Tax deductible repair works needed (roof and drainage; according to my accountant). Quotes available.
- iVal (April): $545,000 | Asking: $470,000

🗝️ Why It’s Worth a Look:
- Rental income from day one
- Priced $75K below iVal - excellent value for the right buyer
- Immediate add-value potential with deductible improvements
- Motivated vendor, looking for a clean, transparent sale
- Ideal for investors, tradies, or hands-on buyers

We want to sell this property to buy in a house to live in as we have moved to a new city.

*Buyers should confirm their own tax position with an adviser.

Other Details

Services
  • Water supplyCouncil
  • Septic systemCouncil
Property Condition
  • InteriorWell presented
  • ExteriorNeeds work
  • GardenBare
LINZ Info
  • Title number: SA43B/708
  • Legal description: Fee Simple, 1/1, Lot 1 Deposited Plan South Auckland 39684, 947 m2
Chattels

Included in the sale: Fixed Floor coverings. Window coverings. Light fittings. Stove. Oven. Range hood. Curtains. HRV system. Cabin.

Tenancy Info

The property is currently tenanted and will be tenanted post sale. The tenancy is periodic.

Downloads for 266 Malfroy Road, Pomare

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