Offered to the market as a Deceased Estate, this versatile property combines a comfortable family home with a fully self-contained cottage—an ideal opportunity for investors, multi-generational families, or buyers seeking added value. Rental appraisals suggest a gross yield of approximately 6.47%*.
The three-bedroom character home seamlessly combines classic charm with convenience. Built in the 1950s and rich in original features, it offers excellent renovation potential while remaining fully livable as-is. The spacious open-plan kitchen and dining area has seen some modernisation and flows into a sunny, enclosed conservatory, providing year-round living options. The separate lounge, equipped with both a wood burner and a heat pump, ensures comfort in every season. An updated bathroom plus a second toilet in the laundry at the back door further add to the home's appeal.
At the rear of the section, a one-bedroom self-contained cottage opens up even more possibilities. With a wet area bathroom and ramp access, it's ideal for an ageing family member or can be rented out to generate extra income. The spacious open-plan kitchen, dining, and living make for a functional layout.
A converted Skyline garage—complete with ranchslider, insulation, and carpet—offers a great space for a teenage hangout, hobby room, or workshop. The generous 1,128sqm (more or less) section includes established vegetable gardens, a single-bay shed with wood storage, and a carport.
Located just a short walk from Putaruru’s township, this property offers flexibility, income potential, and location appeal. Whether you’re looking to invest, upsize, or add value, this is an opportunity not to be missed!
(*Based on a combined weekly rental of $820 and a purchase price of $659,000. Gross yield; excludes rates, insurance, and other outgoings.)
