Renovate, reimagine or investigate the potential. Set on a substantial, flat 870m2 (more or less) section in Mt Wellington, this is an opportunity for those with vision, ambition and an eye for what could be.
Currently generating rental income of $800 per week, the property also offers an immediate income stream while you consider your next move. With generous proportions, a versatile layout and Residential Mixed Housing Suburban zoning, there's plenty here to get excited about.
Inside, the home offers a large open-plan living and dining area, complemented by a separate, spacious rumpus space with two utility rooms offering flexibility for families, flatmates or those needing room to work from home. Two generously sized bedrooms, both with built-in wardrobes. Additional features include a separate toilet and laundry, two heat pumps and off-street parking for multiple vehicles.
Outside, the expansive lawns and deck provide plenty of room for entertaining, outdoor activities or simply making the most of the generous landholding.
The location adds further appeal, just minutes from Ellerslie Village, local amenities, transport connections, and Stanhope Road School zoning.
For the hands-on renovator, there's an opportunity to roll up your sleeves and transform the existing home. For larger families, the generous layout offers room to spread out. For investors and developers, the landholding and zoning present possibilities worth investigating. A home-based business or studio could also be explored, subject to the necessary Council approvals.
Do it up, develop or landbank on Banks Road. A substantial section, a well-connected location and plenty of potential for those prepared to put in the work.
Conjunctionals welcomed with all agents!
**Need to sell first or obtain finance? There may be an opportunity to structure an offer prior to auction - call us to discuss.**
Disclaimer: This property is being sold by auction and no price guide will be provided. Any website price bracket is for search functionality only. All prospective purchasers should complete their own due diligence, seek legal and expert advice, and satisfy themselves with all information supplied.
