Ideally positioned in a central Oamaru location, this property presents an appealing combination of comfortable living, recent improvements and genuine development potential. Featuring three bedrooms, a 110m2 floor area and an existing 1,012m2 section, there is plenty on offer for families, first-home buyers, investors and developers alike. With a proposed subdivision creating two separate sites, the possibilities extend well beyond simply purchasing a home.

The existing home has undergone an internal renovation, including an updated kitchen and bathroom, along with modern flooring, creating a fresh and contemporary feel throughout. The living area provides a comfortable setting for everyday living and entertaining, while the three bedrooms offer practical accommodation for families, guests or tenants. A single garage provides secure parking and additional storage.

Adding further appeal is the subdivision currently being undertaken by the owner, which will create two separate sections: a proposed 444m2 site incorporating the existing home and an additional 567m2 section. Power, water and telecommunications services are being installed to the boundary by the current owner. The remaining requirements to complete the subdivision include the formation and sealing of the access/right of way, together with applications for the new titles. Responsibility for completing these final stages will rest with the incoming purchaser.

The potential here is particularly appealing. You could live comfortably in the existing renovated home while building a brand-new property on the additional section, then retain the original home as a rental to generate an ongoing income. Alternatively, explore the opportunity to develop both sites, accommodate extended family or simply secure a home with additional land and future flexibility.

Conveniently located within easy reach of Oamaru's town centre, local shops and schools, this property combines a central location with options to add value and make the most of its landholding. Whether you're looking for a home with income potential, an investment with future possibilities or your next development project, this is a property well worth investigating.

A great home and income opportunity, with the added advantage of having two sites and multiple possibilities. Contact us today to arrange your inspection and explore the potential on offer.

For Sale by Deadline closing at 4.00pm on Thursday, 17 December 2026 at LJ Hooker, 193 Thames Street, Oamaru (unless sold prior)

Buyer Enquiry Over $519,000

Contact Wayne Fraser on 027 4068 254, or Sheryl Heta 027 4145 256