Listing Number:  387
Posting Date:  16 October 2007

Site Area:400 m2
Address: Login
Building Area:220 m2
Property Image


This massive rent by the room house and 2 bedroom flat are valued at $1.1m and will sell for $999,000.
First to purchase will walk away with $100k in equity and a great capital gain property.

Located in a popular Waipapa Road, this is a very appealing home. It is very close to the city, there is a bus stop at the door, and is very handy to the Hataitai shops and schools. The house is situated on a sloping section, and has a few steps down to the house from the street. Recently renovated, this two flat property is in excellent condition.

The upstairs half of the house is five bedrooms, open plan lounge/dining/kitchen and two bathrooms. Four of the bedrooms are doubles, and one is a large single. All bedrooms have built in wardrobes and are well laid out. There is a large hallway with a storage cupboard. The two bathrooms are new, and include showers, toilets and heated towel rails. The kitchen is new, has plenty of storage, a dishwasher and open plan to a dining area, and lounge alcove. The lounge is large enough for a couple of couches, but opens out onto a small balcony, offering some pleasant outdoor living.

Downstairs there is a spacious two-bedroom flat, with open plan living and kitchen, bathroom, and a separate laundry. There is a sunny courtyard and lawn area, with clothesline. The lounge is spacious and gets lots of light. The kitchen is modern and comes with a dishwasher. The bathroom is modern, has a heated towel rail, toilet and shower. The bedrooms are both double and have built in wardrobes. There is a separate laundry.

At street level there is a single garage, with a storage room below.
Currently the upstairs is rented on a room by room basis for a total of $900 per week, with room to increase this in the summer months. The downstairs flat is currently rented for $330 per week and in the summer months should comfortably rent in the $370 to $400 price range.