13B Reeve Street, Foxton, Horowhenua

Buyers $125,000+

+24

+23

Buy, landbank, build, live, sell

Lot 12 - Freehold Title, 1052m2 (approx.) in size, shared driveway, private rear section, ROW to supply services but no services in place, level contour and ready to build on. Category: Residential vacant Zone: Residential zone A Capital Value: $225,000 Land Value: $225,000 Put your thinking caps on, have options aplenty, don't be limited in your thinking, and use your imagination. Options to 9A, 11A, 13A and 13B Reeve Street sections as individual properties or any multiples or combinations of the four. Call or email for more information and to view.

13B Reeve Street, Foxton, Horowhenua

Web ID

FTU181611

Land area

1,052m2

District rates

$2,448.89pa

Regional rates

$289.46 pa

LV

$225,000

RV

$225,000

Buyers $125,000+
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Simon Davenport

Simon Davenport

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FTU181611
Jo Davenport

Jo Davenport

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About the location


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If your dream is to live off-grid on a piece of land, to be surrounded by trees, peace and tranquility, and to have few neighbours, then here's your opportunity to do just that. The options are endless, so put your thinking caps on and come up with a plan that suits your lifestyle. Buy and land bank, build or relocate a home, tiny home or lifestyle retreat. 4.37 hectares or 10.81 acres (more or less) with perimeter fence. Level contour, planted with pine and gum trees, and a pond. Freehold title with no covenants or interests. Land use: Vacant residential category Lifestyle: Vacant Zone: Rural industry zone A Services: No services. Capital Value: $500,000 Land Value: $490,000 Registered Valuation: 23rd November 2023 - $472,000 incl GST.

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We know the history of this place like the back of our hands. We have sold it twice before: sold in 2013 for $96,000, sold again six years later in 2019 for $210,000, and now for sale again another six years later for $299,000. At this rate, by 2031 it could be worth around ??? And it has great tenants, currently paying $370 per week. For you bean counters, that’s a gross rental yield of 6.41% and a net rental yield of 4.74%. Built in an era (1973) when things were made to last, this home is low maintenance. The front unit in a block of three, with easy access, away from the hustle and bustle and traffic but with the security and comfort of neighbours close at hand if needed and a primary school, kindergarten, park and BBQ area close by. 90m2 (approx.) two-bedroom, one bathroom, laundry, open-plan living, dining, and lounge with no fewer than three, yes THREE heat pumps and a carport. Call to view today, don’t delay, this property will sell.

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