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6 Paradise Road, Napier South, Napier, Hawkes Bay, 4 Bedrooms, 4 Bathrooms, Unit

Price By Negotiation

6 Paradise Road, Napier South, Napier, Hawkes Bay

4
4
210m2
671m2
UnitListed on Thu Mar 14

Napier South 4 Bedroom Unique Investment Opportunity

The astute investor will be quick to recognise this unique investment opportunity on a heritage recognised street in Napier South. This solid freehold, cross lease build, offers four one bedroom units; two on the ground floor and two on the upper, each with its own power meter, fibre connection and designated parking. The units all meet current healthy homes criteria, equipped with a heat pump, extractor fan and new hot water cylinder. All units are tenanted and under the management of a registered tenancy agency.

The building has recently been re-roofed, the exterior repainted and the retaining wall on the western side has been overlaid with an attractive wood facade and planter boxes. Parking areas have been upgraded with new concrete laid. Units A, C and D have recently been refurbished throughout, with upgraded kitchens, bathrooms, floor coverings, painting and furnishings providing light and airy living spaces. Unit B is in more original condition and enjoys a top corner aspect and can be upgraded to align with the rest. There is a communal shared deck, lawn area, two clothes lines plus storage shed.

Perfectly positioned within walking distance of supermarkets, medical centre, local amenities and Napier CBD with public transport available at the end of the street. This property offers exciting investment opportunities to Mum and Dad investors, retirees looking for passive income options or investors looking to add to their portfolio. Live in one and receive income from the rest. There is a unique opportunity here for extended or blended family investment. LIM and Council File available upon request. The interior photographs displayed are of unit C only.

Location

Council Data

Last update : Invalid Date Invalid Date Invalid Date
Improvement value
Land value
CV(Year Invalid Date Month Invalid Date)
DeckYes
View typeNo appreciable view
ContourLevel
Land area506m²
Floor area50m²
Decade of construction1999
TitleNA32A/518
Type of titleFreehold
Legal descriptionLOT 1 DP 75456
CouncilFar North
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 75456,506m2
ConstructionExternal Walls: Iron Roof: Iron
ConditionExternal Walls: Good Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Napier Intermediate
0.42 km
Secondary
7-8
Government
Co-Educational
EQI: 483
4
Napier Central School
0.79 km
Primary
1-6
Government
Co-Educational
EQI: 407
8
Port Ahuriri School
0.96 km
Primary
1-6
Government
Co-Educational
EQI: 426
7
Napier Girls' High School
1.42 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 441
6
Napier Boys' High School
2.63 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 449
6
St Joseph's Maori Girls' College
5.43 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 516
2
Lindisfarne College
15.72 km
Secondary
7-15
Government
Single Sex-Boys
EQI: 396
9
Taikura Rudolf Steiner School
16.59 km
Combined
1-13
Government
Co-Educational
EQI: 434
6
St John's College (Hastings)
16.69 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 454
4
Hastings Christian School
18.96 km
Combined
1-13
Government
Co-Educational
EQI: 424
7
Iona College
20.70 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 394
10
Woodford House
21.26 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 396
9

Property history

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For developers

Unitary plan:-
Land:671m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
2 Sunset Heights
8.59 km
5
2
234m2
Year 2024 Month 04 Day 24
$1,115,000
Council approved
6/163 State Highway 10
0.57 km
3
2
130m2
Year 2024 Month 04 Day 22
$600,000
Council approved
4 Colonel Mould Drive
4.62 km
3
2
159m2
Year 2024 Month 04 Day 16
$850,000
Council approved
4/163 State Highway 10
0.57 km
2
1
110m2
Year 2024 Month 03 Day 14
$580,000
Council approved
6 Christine Drive
5.88 km
3
2
221m2
Year 2024 Month 02 Day 26
$1,180,000
Council approved

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Ref:HBNP1330Last update:2024-06-14 14:16:17