Residential
More from realestate.co.nz:
Agents News

273 Peake Road, Cambridge, Waipa

Two Homes - One Exceptional Opportunity

dollar

Deadline Sale

Section
Lifestyle property
Bedroom
6
Bathroom
3
Land area
2.50ha
Title type
Freehold
Garage
4
On this page:

Open homes

Saturday
12:30pm - 1:30pm
11
Apr

Deadline sale

Thursday
4:00pm
07
May

Property details

Listing # CBL207508 | Listed on 9 September 2025

Our vendors are ready to move, and this property must be sold, creating a rare opportunity to secure 2.5ha in a prime location just minutes from Cambridge, with multiple income, development, and lifestyle angles to explore.

Whether you're an investor seeking dual income, a developer looking at future potential, or a multi-generational family wanting space and flexibility, this is a property that deserves immediate attention.

Set on approximately 2.5 hectares, the property offers two dwellings and a layout that delivers genuine versatility. The main home is a substantial five-bedroom residence that has previously returned $900 per week, offering excellent rental appeal and clear scope for a new owner to add value. The second dwelling is a recently modernised 120sqm home, complete with generous living spaces, a modern kitchen and bathroom, and the flexibility to occupy, rent, or Airbnb depending on your goals.

The land itself is a true blank canvas - ideal for buyers wanting to re-establish equine facilities, re-fence for grazing, or continue developing the existing plantings into a private lifestyle oasis. With multiple access points already in place, the property offers practical functionality now while also opening the door to future development or subdivision potential (subject to council approval), adding another compelling dimension for strategic buyers.

Properties this close to town, with two homes, multiple income streams, add-value upside, and possible subdivision potential, are tightly held and increasingly hard to find. Act quickly to secure a versatile Cambridge lifestyle holding with serious upside.

Your notes
Add notes for your personal reference. This can only be seen by you.

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message
A young family with pets illustration