If you're looking for an opportunity with genuine upside, this could be the one you've been waiting for.
Set on a manageable 493m² section, this substantial 150m² family home offers four bedrooms, a functional family layout, and plenty of potential for those prepared to add value. Whether you're an investor, renovator, house flipper, or simply someone with the resources to improve an already solid home, there is plenty to like here.
With four genuine bedrooms, the property also presents an attractive investment opportunity. Larger family rentals are always in demand, and quality four-bedroom rental properties can be difficult to secure in Oamaru. For investors looking to strengthen their portfolio, this is a chance to add value while creating a home that should appeal to a wide range of prospective tenants.
Inside, you'll find a spacious open-plan kitchen and dining area, a large separate lounge complete with a log fire, four genuine bedrooms, and a family bathroom. Outside, the property offers a private backyard along with a covered outdoor entertainment area, creating excellent additional living space for family and friends.
Let's be upfront - the property's decramastic tile roof has reached the end of its serviceable life and will require replacement. Estimates indicate approximately $25,000 should be allowed for a new roof. The good news is that once this work is completed, you'll have secured a sizeable four-bedroom home at a price point that is becoming increasingly difficult to find.
When you consider the numbers, the opportunity becomes clear. Even allowing for a new roof, you're still acquiring a substantial family home for a total investment that stacks up exceptionally well in today's market.
This is not a property for someone stretching every last dollar of their borrowing capacity. It is, however, an excellent opportunity for buyers with a bit of vision, practical ability, or available capital who can see the value beyond the immediate requirement of replacing the roof.
Good four-bedroom homes at this price point are becoming increasingly rare. For the right buyer, this is a chance to secure the space you need, add value over time, and reap the rewards.

Buyer Enquiry Over $270,000

For further information or viewing options, contact:
James Symes ph: 027 522 6470