This Ohingaiti section is a classic "blank canvas" opportunity, particularly appealing for those looking to bypass the high entry costs of New Zealand's major cities. At 2428m², you're getting a substantial amount of land in a region where value is still very much on the side of the buyer.
The Lifestyle Factor: You are perfectly positioned for great local recreation:
- Fishing: The Rangitikei River is world-class for trout.
- Golf: Rangatira is famous for its "cable car" between holes.
- Travel: It's a strategic stop on State Highway 1, making it a dream for motorhome "home-basers."
There are no restrictive land covenants, which is so rare these days. It means you aren't forced to build a house of a certain size or material. A relocatable or tiny home can work so well here. However, you still must comply with the District Plan (setbacks from boundaries) and the NZ Building Code.
Can you be settled in a new home for under $300,000? Sure it will require some research and budgeting so here's some of my guestimates to get you started on the journey:
- Land Purchase: $135,000
- Home Package: $110,000 - $125,000 for a 2-3 bedroom tiny home or modular unit.
- Effluent system: $20,000 - $25,000
- Water Tanks: $8,000 - $12,000
- Council/Consents: $5,000 - $8,000
- driveway, power connection, other: $5,000
Total: $283,000 to $310,000
Where else can you buy at such good value?
For further information, please visit: https://rwfeilding.co.nz/FEL30421
