Positioned in a quiet cul-de-sac in sought-after Forrest Hill, this rare offering features two solid brick, block and tile homes on a generous 660m² (approx.) site, delivering immediate rental income along with long-term potential.
Built in the 1970s and updated in recent years, the well-maintained dwellings currently generate a combined weekly rental income of $1,240 ($620 per dwelling), providing reliable cash flow from day one. For investors, developers, or buyers looking to landbank in a premium North Shore location, the property offers both high holding income and future value-add opportunities.
Zoned Mixed Housing Suburban, the sizeable landholding may offer future development potential (subject to council approval). This adds an additional dimension of value, allowing purchasers to enjoy steady rental returns today while considering redevelopment or intensification options over time.
Located just moments from Knightsbridge Reserve, Milford Beach, shopping centres, and highly regarded schools, the property combines investment fundamentals, lifestyle appeal, and long-term growth potential.
Key Highlights:
·Excellent school zones
·Two solid semi-detached homes with low maintenance
·Approx. 660m² land area – Mixed Housing Suburban Zone
·Current combined rental income is $1,240 per week
·Solid construction – brick, block and tile
·Garaging plus additional storage
·Quiet cul-de-sac location
·Parking: 2 garages, 2 off-street parking spaces, and plenty of on-street parking
·Potential future development or landbank opportunity (subject to due diligence)
The Homes
Unit 1 – Front Home
Enjoying a north-facing elevated outlook toward Knightsbridge Reserve, this tidy two-bedroom home offers bright living spaces, a family bathroom with a bathtub, a separate laundry, generous storage, and a single garage beneath the dwelling. Comfortable as it is, it also presents scope to modernise and add value over time.
Unit 2 – Rear Home
Renovated in recent years, the rear dwelling offers spacious open-plan living with excellent indoor-outdoor flow to a sunny lawn area. It includes two bedrooms, a separate kitchen and laundry, a versatile sunroom and secure garage parking with additional storage space.
Location & School Zones:
Zoned for highly sought-after schools, including Westlake Boys’ & Westlake Girls’ High School, Forrest Hill Primary, Wairau Intermediate, Target Road School, Glenfield Primary School, Milford School, and more. The location continues to attract both homeowners and tenants.
You’ll also enjoy close proximity to:
·Knightsbridge Reserve – short walk
·Milford Beach – only minutes away
·Sunnynook and Milford shopping centres
·Cafés, restaurants, gyms and everyday amenities
·Public transport routes and motorway connections
Flexible Future Options:
This property offers multiple pathways for the next owner:
·Continue as a high-yield dual-income investment
·Live in one home and rent the other to help offset the mortgage
·Landbank in a prime North Shore suburb while enjoying holding income
·Explore future development potential under the Mixed Housing Suburban zoning (subject to council approval)
Opportunities combining income, land value, and development potential in such a desirable Forrest Hill location are increasingly rare.
Contact us today for further information or book a private viewing.
