The clever option, life's not cheap! Live in one, rent the other, and let the rent help pay the mortgage and bills!
Behind one address are two separate 40sqm one-bedroom homes, cleverly divided by a central wall to create two self-contained spaces. Add two off-street parking spaces, a sunny and surprisingly spacious backyard, and you have a property that offers something a little different from the usual first home option.
One home is currently rented for $425 per week ($22,000 a year), giving you an immediate income stream while you live in the other.
Property features include:
• 80sqm total floor area.
• Two separate 40sqm one-bedroom homes.
• $425 per week current rental income.
• Approximately $22,000 annual income.
• Two off-street car parks.
• Ceiling and underfloor insulation.
• Sunny, spacious backyard.
• Sheltered from the prevailing winds.
• A smart option for first-home buyers wanting a helping hand with the mortgage.
Whether you're looking to get onto the property ladder, live in one and rent the other, or buy with a friend and each have your own space, there are plenty of ways to make this one work.
If you know Lyall Bay, you'll know why people love it.
You're close to the surf, beach, cafes, restaurants and the everyday buzz of one of Wellington's most popular coastal communities. Grab a coffee, head down for a surf, walk the beach or meet friends for dinner, much of what makes Lyall Bay special is right on your doorstep. It's relaxed, social and genuinely easy to live in, with the city still only a short drive away.
Two homes, one title, $22,000 of income, a great backyard, two parks and Lyall Bay on your doorstep.
If you're looking for a first home that can help pay its own way, 51 Endeavour Street deserves a very close look.
Tender closes 12pm Wednesday 7th October 2026 at Tommy's Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)
