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22 Karaka Street

Helensville Auckland

5
2
3
981 m²
House
Currently for sale - view listing

Overview

Two Homes. $1,060pw Return. One Opportunity.

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

Features

5 bedrooms
2 bathrooms
3 carspaces
1 carport space
2 garage spaces
981 m² lot size
House

Property history for 22 Karaka Street

2024
Rented
Undisclosed
Leased on 11 Dec 2024 by Harcourts The Difference
2022
Rented
Undisclosed
Leased on 08 Sep 2022 by Harcourts The Difference

Happy sellers in Helensville

63%
63% of sellers in Helensville reported that their sale price either exceeded or met their price expectations.

Helensville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 68 reviews in Helensville over the last 12 months.

Local market activity for 5 bedroom houses in Helensville

In the last 12 months, 3 five-bedroom houses similar to 22 Karaka Street, have been sold.

This represents a 40% increase in five-bedroom houses sales when compared to the previous 12 months.

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