Development potential + home and income

Auction 23.09.2019 Monday @18:30 On Site (Unless Sold Prior)

Unique properties like this are very rare and can be hard to find.  255sqm in total, it is comprised of a 3 bedroom house plus separate 2 bedroom flat downstairs. In Mixed Housing Surburban Zoning the 660sqm land area has the potential to hold up to 3 dwellings (subject to resource consent etc).
There is a huge opportunity to add value here with development.  Currently tenanted and providing combined rent of $1200 per week you have the opportunity to rent to different types of business like childcare etc or build an additional dwelling, or turn this property into a beautiful luxury 5 bedroom home or more!  The choice is yours.
With an elevated aspect and sea views, this brick, insulated home with heat pump has great bones and gets great sun. 
Mostly fenced, this is a wonderful spot for families and is in zone for some good schools including St Thomas and Selwyn College.  The layout makes it an ideal home for younger kids who will love the full fenced garden and spa pool, teenagers, extended family or a home and income.
The main home has 3 good sized modern bedrooms with amazing light and a deck providing beautiful Sea View.

Classically decorated inside with white on white and neutral tones, this large welcoming house would be a great family home. The spacious lounge has the most amazing windows and easily enough space for 2 ‘zones’.
The dining area is light and bright and cosy feeling – a great spot for a family meal and the spacious well fitted kitchen is bright and airy, with plenty of space to teach the kids to cook.
Downstairs the good sized 2 bedroom flat with lounge and separate kitchen/dining is perfect to rent out, or as a separate space for adult children or extended family. The choices and opportunities are endless with this great property.
Please contact Elena Styles for more information or if you would like to receive copies of the documentation for this property.