Set on over an acre (4,679m²) just minutes from Waipukurau, this spacious 1912 bungalow presents an excellent investment opportunity with a tenant already in place who will remain with the property. Returning $600 per week in rental income, this is a ready-made lifestyle investment with immediate cash flow from day one.
Inside, the home features three good-sized bedrooms along with an open-plan kitchen, dining, and living area. Comfort is well covered with two heat pumps plus a wood burner on wetback, helping keep heating costs efficient year-round. French doors open onto a covered terrace, creating a welcoming indoor-outdoor flow that adds to the property's long-term tenant appeal.
Outdoors, the property offers established cottage gardens and an abundance of fruit trees and produce including peaches, grapes, raspberries, feijoas, lemons, rhubarb, and loquats. Four fenced paddocks provide additional flexibility, while the pond, aviary, chicken coop, workshop area, woodshed, and large carport further enhance the lifestyle aspect of the property. There is also room for a second dwelling or granny flat (subject to council approval), adding future potential and flexibility for investors. Town water supply combined with a septic tank system also helps keep operating costs lower.
Located close to the river and bridle trails, the property offers tenants the appeal of space, recreation, and a semi-rural lifestyle while remaining only minutes from Waipukurau township. The nearby Ruahine Ranges provide excellent outdoor opportunities including tramping, hunting, and weekend adventures.
Waipukurau continues to be a strong provincial location with excellent schooling options, recreational facilities, local amenities, and an easy commute to larger centres within Hawke’s Bay.
Please note: the property is being sold with the current tenant to remain in place. Contact me today for further information or to arrange your viewing.
