Set on a generous 1,163sqm section in tightly held Houghton Bay, 14 Cave Road offers genuine potential in a location where large landholdings rarely come to market. Priced from land value, this is the kind of property that sparks big ideas.

Sure - someone with the skills, vision, and appetite could restore the existing 1949 beach bungalow, retaining character and enjoying those outer-bay views from the lounge. But for many buyers, the real opportunity lies in what comes next.

Build new. Build better. Build for the future. With Wellington facing an ongoing shortage of warm, high-performing homes, sites like this open the door to multiple possibilities - whether it's an architectural forever home, a thoughtfully designed coastal retreat, or a modern family base just a short stroll from the beach. Subject to WCC approval and consent of course! Medium Density Zoning also provides additional options for the savy purchaser.

Adjacent to some exceptional homes, this is a chance to secure your place in a proven location and create something truly special. And unlike many Wellington sites where steep access and difficult contours can send build costs through the roof, the largely flat front- portion of this section will have wide appeal.

Patch up the existing home to live in while you plan? Landbank for the future? Or tools-out to bring this girl back to her former glory?

As-Is-Where-Is. The property is for sale by Deadline Sale, closing Wednesday 10 June at 1pm (unless sold prior). BEO $580,000