Julene Foster

Rare And Retro Home And Income

First time on the market in decades, this 1980s brick and Monier tile home and income zoned property is a rare chance to gain in a prime neighbourhood. Situated on a highly desirable cul-de-sac comprising neighbours flanking the Mount Maunganui Golf Course, this flat and fenced north facing 723sqm (approx.) property promises big. Ready for a makeover to upscale and update there are a variety of options with current rent appraisals on each to help crunch the numbers. Live in the main house and let the one-bedroom flat; live in the flat and let the main home; bring granny or a dependent relative to live alongside; or let both for the yield as the current owners have done for years.

Generosity of space defines both the house and the flat, a configuration divided many years back. The two-bedroom main home offers double height ceilings in places and a separate living room with heat pump flanking a large dining area with shoji screen sliders sealing areas off from one another. Both rooms flow out to the sunny north facing patio and lawns for a relaxing alfresco entertainment area. An old school kitchen is a throwback to a bygone era as is the bathroom and separate powder room both boasting the groovy for its time avocado toned fittings. A double garage is internally accessed, and the laundry is separate. The integrated flat next door comprises one huge double master-sized bedroom with single robe and a tidy ensuite, a large kitchen and sunny lounge with heat pump and outdoor flow. The back is sheltered and private with a shed and pergola nearby.

In zone for Omanu School zone and walking distance to Mount Maunganui Intermediate, it's a short stroll to the the beach to give the dog a run or to catch a surf break. Close to Bayfair shopping mecca and within easy reach of main arterial routes for a commute in any direction, this is a weighty gold-mine property that should be inspected at your earliest possible opportunity.