16 Baycroft Avenue

Parkvale Bay of Plenty

1055 m²

House

Currently for sale - view listing

Overview

Three Dwellings, One Site! $1,935 Return P/W

A rare opportunity in Parkvale, 16 Baycroft Avenue sits on a generous 1055sqm section and offers three fully self-contained dwellings on one title. With strong returns, modern improvements, and high-density zoning, this property is loaded with both immediate and future value. Front Home (4 Bed + Hobby Room) A renovated 1950s stucco home featuring four bedrooms, a modern kitchen, new carpet, double glazing, and two single garages. Currently rented at $725 per week. Two Rear Units (Built 2021) Each unit offers 2 bedrooms, 1 bathroom, double glazing, and heat pumps for efficient living. Unit 1 returns $610 per week, and Unit 2 returns $600 per week. Why This Property Works: 1055sqm of land zoned High Density, offering strong future development potential Subdividable section - giving investors the flexibility to explore additional dwellings, land banking, or long-term redevelopment Total rental income: $1,935 per week Close to Tauranga Hospital, schools, Fraser Cove, and major routes Ideal for investors wanting reliable income now, with the upside of development later A high-performing, future-proof investment with options both today and long into the future. Contact Ryder to secure 16 Baycroft Avenue. For access to all property documentation, please visit the following link, select the "Documents" tab and 'Download File': https://rwbayfair.co.nz/BYF32880