51 Scarborough Terrace, Mount Victoria, Wellington

For Sale

51 Scarborough Terrace, Mount Victoria, Wellington

By Negotiation

160 m²

233 m²

House

•

30+ days on the market

What's around 51 Scarborough Terrace

VILLA VICTORIA - WITH A TWIST!

Builders, renovators, flipper and savvy investors - you must look here. Tenanted on a fixed term (main house) at $950/week til January 2027 - viewing by appointment with appropriate notice. Constructed in 1895 (source: Cotality) there's plenty of upside for an astute buyer here. Not only do you have a four-bedroom/2 bathroom home, there's also a sizeable one bedroom studio flat to the rear. Perfectly liveable as is, it can easily be reimagined as one spacious and gracious home if living in Mt Victoria has been a dream of yours. Or refurbish for your own home-and-income, or simply continue as a great rental property that will always be popular. With pretty street appeal, this is a typical two storey villa, on a narrow site, with a lean-to at the rear. At the front you'll find the 'good' room as they were known, directly off the entrance hall. Here, the north-facing bay window receives plenty of sun - a perfect spot for dining and working. Beautiful timber floors, sash windows and the high stud are features of these early villas - the original open fire though has been replaced by a more modern gas heating system. The high stud continues through the hallway and into the galley kitchen at the rear. It's had a modern refit and leads through to the downstairs bathroom. In two storeyed villas, a stair was an opportunity for architectural expression given its semi-public view from the front door. These original stairs, newel post and balustrades are delightful and lead upstairs to four good sized bedrooms, plus the second bathroom which was more recently modernised. But here's the twist! This home has a studio flat too at the rear (on a separate power meter), just great for additional income or for guests or family. Here you'll find a large bedroom/living room, a practical kitchen and bathroom. Outside there is the charming, original wash house building that would have once had the property's only w/c - outside! The concrete tubs are still there but this might be now more practical for you as a lovely garden shed, along with a smaller shed for the extras. This property has the convenience of offstreet parking - certainly not a given in Mt Vic! With a built-in tenancy realising close to $50,000 per annum, this is a grand opportunity to add or start your investment portfolio - and the back flat has potential also for Air BnB, stay while you plan your renovation and get your consents in order or simply as a city bolt hole while the main house pays the mortgage.