Positioned to deliver both strong cash flow and long-term potential, this beautifully presented character property is an exceptional investment opportunity. With two self-contained one-bedroom dwellings, both Healthy Homes compliant and currently tenanted ($515 and $480 per week), it offers a reliable, immediate income stream from day one.
Set on a generous section with a spacious backyard and double garage, the property combines classic charm with flexible future options. Investors can continue to maximise dual-income returns or explore the potential to reconfigure the home into a larger single residence to unlock added value.
From the street, the home's timeless appeal enhances tenant desirability, while inside, polished timber floors and light-filled interiors create warm, inviting spaces across both dwellings. Each unit is equipped with a heat pump for year-round comfort, modernised bathrooms, and functional kitchens with ample storag, features that support tenant retention and consistent rental appeal.
The primary dwelling showcases a sunny open-plan kitchen and dining area flowing from a welcoming living space with French doors, while the second dwelling benefits from its own private entrance, offering privacy and independence highly sought after in the rental market. Outside, the low-maintenance grounds and large double garag, with additional workshop spac, add further practicality and value, while a dedicated carport services the second dwelling.
Located in a quiet, tree-lined street within easy walking distance to supermarkets, schools, parks, the hospital, and the central city, this is a high-demand rental location supporting strong occupancy.
A rare opportunity to secure a character property that delivers immediate returns, tenant appeal, and future flexibility, ideal for investors looking to grow their portfolio with confidence.
Please note these photos are from when the property was last listed in 2021.
Deadline Sale closes 2.00pm Thursday 14 May 2026, Harcourts, 3 Napier Road, Havelock North (unless sold prior)
