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Off Market

503 Otumoetai Road

Otumoetai Bay of Plenty

13
3
286 m²
660 m²
House
Last sold for $1,460,000
Billy RussellBilly Russell, last sold this property on 03 July 2025 after 252 days on market.

Overview

Cash Positive Investment

Price is exc GST. This is your opportunity to own a home and a business in an outstanding location. Currently returning over $4500 per week as a boarding house, the home offers a rare opportunity to gain a very attractive yield. Featuring 13 bedrooms plus an office and 3 bathrooms with a separate toilet facility, the dwelling was formally a rest home for the retired, the property has recently been operating as boarding accommodation for over 50's. Annual Fire safety and Building Warranties in place to ensure long term protection and to make your investment transition even easier, the purchase for this property comes with all furnishings, fittings and boarding agreements in place. Easy commuting with Beach Road, Cherrywood Shopping Centre, Local schooling of all levels and Bus routes within walking distance and an easy commute to arterial routes to get you to the larger town centres. For more information please visit the link - https://rwbayfair.co.nz/BYF31978

Features

13 bedrooms
3 bathrooms
286 m² floor area
660 m² lot size
House

Estimated Value

We need at least 3 similar 13 bedroom houses sold in Otumoetai over the last 12 months.

Property history for 503 Otumoetai Road

2025
Sold
$1,460,000
03 Jul 2025 by Billy Russell, of Ray White Bayfair

Happy sellers in Otumoetai

76%
76% of sellers in Otumoetai reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 86 reviews in Otumoetai over the last 12 months.

Local market activity for 13 bedroom houses in Otumoetai

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Otumoetai

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Sue Hooper

Sellers who recommend Sue Hooper have praised them for being local expert, clear communication, supportive, reliable, friendly, well-prepared and empathetic

  •   5   (136 reviews)
  •  20 Reviews in Otumoetai
  •  22 Sales in Otumoetai
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Jack Solomon

Sellers who recommend Jack Solomon have praised them for being clear communication and local expert

  •   5   (60 reviews)
  •  20 Reviews in Otumoetai
  •  4 Sales in Otumoetai
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Brent Bastin

Sellers who recommend Brent Bastin have praised them for being clear communication, local expert, supportive, friendly, great team, well-prepared and responsive

  •   5   (446 reviews)
  •  7 Reviews in Otumoetai
  •  9 Sales in Otumoetai
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Carmen Dickison

Sellers who recommend Carmen Dickison have praised them for being local expert, clear communication, hard-working, supportive, friendly, reliable and responsive

  •   5   (101 reviews)
  •  7 Reviews in Otumoetai
  •  7 Sales in Otumoetai
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