361 Matapouri Road

Tutukaka Northland

210 m²

7276 m²

House

Currently for sale - view listing

Overview

Coastal Home and income

Two modern homes! Both three bedrooms, masters with ensuites. Entertainment decks and ocean views, this property is located on the ridge above Tutukaka Village. Two homes with views to the ocean and Tutukaka Harbour below. A private position amongst 7,276 sqm of planted grounds complete with walking tracks, exotic flora, and, for the garden enthusiast, a shade house that doubles as an undercover outdoor setting. A standout feature of this property is its exceptional value proposition. Compared with a similar property offering just one home, the second dwelling represents an additional investment of approximately $300,000, yet provides the potential to generate around $30,000 per annum in rental income. That's an estimated 10% gross rental yield on the additional investment alone-an outstanding return for residential real estate, before considering any future capital growth. The main house is a wonderful design. The family hub includes 2 living areas, kitchen and dining that connect with large rear entertaining deck and front courtyard. The accommodation wing provides three large bedrooms, two bathrooms and links to the entertaining deck for an afternoon sunny outlook over surrounding bushlands. A large internal access double garage completes the picture. The guest home is fresh and provides three bedrooms and a large open plan living kitchen/dining/living space with great flow to the front patio for views to the Tutukaka shores. Rental appraisals - Main house ($700 - $750pw) - Guest house ($600 - $650pw). Heat pumps, gas hot water, ventilation systems - two modern homes comfortable and convenient. Across the road to Landowners Lane offers a pleasant walk to the Tutukaka village. A range of cafes, restaurants and bars along with boutique stores and shopping for the basics. The deep-sea anglers' club is a hive of activity and the marina is full with beautiful launches and a chance for you to land that trophy fish. The Tutukaka coast is a short drive from the city of Whangarei (pop 100,000+). From the seaside village of Ngunguru to the surf beach of Sandy Bay this stretch of coast is some of the best the world has to offer. Great people, great facilities - a place you just won't want to leave. Property pack available upon request. www.rwwhangarei.co.nz/TUT30514