Back 244 Stout Street
Off Market

244 Stout Street

Mangapapa Gisborne

5
2
693 m²
House
Last sold for $629,000
Kerry LowKerry Low, last sold this property on 18 June 2025 after 77 days on market.

Overview

Multiple opportunities, multiple options

Multiple opportunities and multiple options with this fantastic duo of dwellings ready for a new owner. This would suit an extended family, or the astute investor that recognises the value of a dual income stream. Alternatively, live in one, and let the rent from the other help pay off the mortgage. The main house has been fully renovated and is very inviting, with three good-sized bedrooms, lovely open plan living and large kitchen. Insulated and heat pump, plus new plumbing and electrics. The additional two-bedroom dwelling at the rear of the property is modern, light and bright with sunny deck to make the most of Gisborne's weather, and perfect for a small family or couple. The orientation of the dwelling provides good separation and there is great parking on the concreted driveways. Current rental for both dwellings is $1,050 per week, all located on a sizable 693 sqm section. While all the hard work has been done, there is still room to add value and improve. Seriously for sale, this is an opportunity not to be missed. 3D Tours and additional information available upon request.

Features

5 bedrooms
2 bathrooms
693 m² lot size
House

Estimated Value

We need at least 3 similar 5 bedroom houses sold in Mangapapa over the last 12 months.

Property history for 244 Stout Street

2025
Sold
$629,000
Private Sale/Treaty on 18 Jun 2025 by Kerry Low, of Bayleys Gisborne
2020
Sold
$320,000
Sold Before Auction on 09 Sep 2020 by Shannon Sheridan, of The Agency

Happy sellers in Mangapapa

84%
84% of sellers in Mangapapa reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 35 reviews in Mangapapa over the last 12 months.

Local market activity for 5 bedroom houses in Mangapapa

In the last 12 months, 1 five-bedroom house similar to 244 Stout Street, have been sold.

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