Introducing a rare opportunity in historic Okiato, a charming pocket of the Bay of Islands with deep roots in New Zealand's early history. Just minutes from Russell and surrounded by beautiful coastal scenery, this property offers solid structural bones and tremendous potential for the right buyer. Whether you're looking to create your dream home, invest wisely, or craft a custom character residence that pays dividends down the track.
Prime Location
- Situated in a quiet, established street in Okiato, a tranquil coastal locale renowned for its heritage and connection to the Bay of Islands lifestyle.
- Moments from beaches, scenic walks and nearby Russell cafes, galleries, and wharf amenities.
A Canvas with Promise
- A well-built residential property with 3 bedrooms, 2 bathrooms and single garage on a generous 812 m² site
- Ready for renovation and personalisation.
- The current asking price of $719,000 sits below the latest capital valuation, offering immediate equity potential.
- With some TLC and maintenance, this home can be transformed into a stylish coastal family retreat or a high-return investment.
Why This Works for Buyers
- It's a classic "fixer-upper with good bones" - solid in structure and rich with opportunities to unlock value through renovation.
- Buyers benefit from the flexibility to customise finishes and layout; a compelling draw for those seeking creative control and future resale upside.
Perfect For:
- First-home buyers with a vision.
- Renovators looking for a rewarding project.
- Investors seeking value in a boutique Bay of Islands market.
So much on offer for so little. Asking only $719,000 with a current CV of $770,000. Realistic vendor is relocating and wants the property SOLD !!!
