There are not many sites left in Ponsonby where you can buy an easily tenanted, income producing property today and still hold a genuine pathway to an amazing family home tomorrow. 77 Lincoln Street is one of them.
Set on 329sqm (limited as to parcels) with gated access straight into Vermont Reserve, this parkside Villa is currently configured as four self contained flats plus one off street park. The north-facing backyard opens directly onto the reserve itself, giving tenants and future owners rare, uninterrupted green space in the middle of the city. One flat currently empty for ease of viewing, but a potential combined income of around $2000pw, making this one of the more efficient holds available in this pocket of the isthmus.
What happens next is entirely up to the buyer. Hold it as is and the four tenancies keep the income flowing from day one, a straightforward investment with strong yield relative to the entry price. Refresh the flats individually over time, a kitchen here, a bathroom there, and lift capital value without disturbing the existing income. Or take the longer view and reinstate the villa as a single grand family residence, backing directly onto Vermont Reserve with private gated access, a position that very few Ponsonby addresses can offer.
This is a short stroll to Ponsonby Road's cafes, restaurants and boutiques, with the quiet of a reserve on the doorstep rather than the noise of the strip itself. Buy it for the numbers, the upside, or the long term address. At 77 Lincoln Street, all three cases stack up.
