Now priced at $581,000, 10 Penona Way presents a ready-made opportunity for investors, with tenants prepared to move in at $560 per week providing a potential gross rental yield of just over 5%.
Built in 2023 and positioned down a family-friendly lane in Lakeside, this modern three-bedroom home offers low-maintenance living in a location that continues to attract strong rental demand.
The practical layout includes a master bedroom with a walk in wardrobe, two additional double bedrooms, a family bathroom and the convenience of a separate laundry. The open-plan kitchen provides generous bench space and connects naturally with the dining and living area, while a heat pump and HRV system help keep the home warm, dry and comfortable throughout the year.
Outdoor living has been well considered, with two extended rooflines providing covered spaces for entertaining or relaxing. The north facing patio opens directly from the living room, overlooks the fully fenced lawn and enjoys privacy from established hedging.
Additional features include:
Dual blinds throughout
Hallway sensor lighting
Security system
Garden shed
Off-street parking directly outside the front door
Easy-care 250m² section
Low-maintenance 79m² home
The Lakeside Hub is only a two minute walk away, with reserve walkways and the lake nearby. Te Kauwhata township is approximately ten minutes away on foot, while motorway access towards both Auckland and Hamilton is around a five-minute drive.
For investors, the numbers are clear: a modern, easy care home with tenants ready to pay $560 per week. For first home buyers, it is an affordable opportunity to secure three bedrooms without stretching into the price range of a larger property.
Contact Kirsten or Aidan today to arrange your viewing—this one is ready to move quickly.
