Our vendor is cashing up their New Zealand property portfolio, and this one is going.
With two separate, tenanted homes currently returning a combined $1,060 per week - that's $55,120 per annum - 22 Karaka Street offers established income from day one, with plenty of potential still to unlock.
The main home offers three bedrooms and one bathroom, along with a separate double garage. The second dwelling provides two bedrooms, one bathroom and its own single carport. The minor dwelling and garage have also benefited from new roofing, taking care of one of the bigger-ticket items.
Are they polished and perfect? No. And that's where the opportunity lies.
There's work to do, and we're being upfront about it. Both homes have been solid rentals for many years and offer scope to add value with fresh paint, new flooring and general updating. Improve them now, work through them over time, or continue with the existing tenancies while you make your plans.
For investors, the numbers deserve a closer look: two established income streams from one property.
For first-home buyers, living in one and receiving income from the other could provide a different pathway onto the property ladder. For extended families, two separate homes offer the chance to live close while still maintaining your own space.
And the motivation is clear. After years of property investment, our vendor is cashing up their New Zealand portfolio and is committed to seeing this property sold.
Two homes. $55,120 in current annual rental income. Plenty of potential.
Bring your ideas, bring your calculator and come prepared to bid.

For Sale by Auction (unless sold prior)
Wednesday 7 October 2026 at 3.00pm
Harcourts Helensville, 92 Commercial Road, Helensville