A rare dual-dwelling investment offering scale, versatility, and multiple exit strategies.

The two dwellings at 64 Chesham Avenue, Taupō present an outstanding opportunity for investors seeking strong rental returns, value-add renovation potential, or future subdivision (subject to council approval). With two Healthy Homes–compliant residences on one title, this is a high-performing asset in one of Taupō’s most tightly held suburbs.

At the front of the site sits a near-new three-bedroom, two-bathroom modern villa, finished to a high standard and designed with premium living in mind. Light-filled open-plan spaces flow seamlessly to three separate decks, creating an inviting indoor–outdoor lifestyle with lake views. Features include a lift, skylights, smart-lock entry, a well-appointed scullery, dedicated laundry, and a generous master suite with walk-through wardrobe and ensuite. This home will appeal strongly to quality tenants and performs equally well as a premium rental or owner-occupied option.

The second dwelling is where the scale and upside truly shine. Offering an impressive approximately 270sqm of floor area, this spacious three-bedroom, two-bathroom character home provides immediate rental appeal or a compelling renovation opportunity to further unlock value. Multiple living zones surround a large open-plan kitchen and dining area that opens to a covered alfresco deck and private backyard, framed by established greenery. Additional features include an internal-access double garage/workshop, separate laundry, study nook, raised garden beds, garden shed, patio with spa pool, and lake views from the generous master bedroom. The size, layout, and character make this dwelling ideal for enhancement and capitalisation.

Together, these two homes offer multiple income and value-add pathways:
•Live in one and rent the other
•Rent both dwellings for dual income
•Rent one while renovating the other
•Subdivide and sell individually (subject to council approval)

Located in Waipahihi, one of Taupō’s most desirable and established suburbs, the property is surrounded by quality homes and lake views, and is just moments from the renowned 35-hectare Waipahihi Botanical Reserve—a prized local asset featuring walking tracks, picnic spots, and beautifully maintained gardens.

With versatility, scale, and future potential rarely found in one offering, 64 Chesham Avenue stands out as an exciting investment opportunity in the Taupō market.