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2 Reading Street, Wainuiomata, Lower Hutt, Wellington, 8 Bedrooms, 4 Bathrooms, House

$1,200,000

2 Reading Street, Wainuiomata, Lower Hutt, Wellington

8
4
320m2
900m2
HouseListed on Thu Apr 18

Wainuiomata 8 Bedroom Significant Opportunity

Presenting an exceptional investment opportunity in the heart of Wainuiomata with a property that also offers the perfect blend of convenience and potential for development.

A 900m2 corner block with 2 street entry and a driveway to 2 double carports and off-street parking for four units.

Each of the four units includes a good-sized living area and functional kitchen with a freestanding oven and ample cabinetry. 2 bedrooms each for accommodation as well as a bathroom with provision for laundry services.

A central Wainuiomata location here, right on a main bus route providing easy access to surrounding areas and walking distance from the shopping hub, chemist, doctor and dental surgeries, coffee and eateries.

With its corner block location and dual street entry, the property offers potential for a developer seeking potential growth or someone looking for a lucrative opportunity to enhance and maximise returns on investment.

All four are currently tenanted.

Don't miss out! This corner block offers endless possibilities.

Contact today with interest

Location

Council Data

Last update : 2024 07 03
Improvement value$735,000Increased by 63% from year 2019
Land value$415,000Increased by 66% from year 2019
CV(Year 2022 Month 09)$1,150,000Increased by 64% from year 2019
View typeNo appreciable view
ContourLevel
Land area900m²
Floor area320m²
Decade of construction1960
TitleWN690/39
Type of titleFreehold
Legal descriptionLOT 29 DP 16818
CouncilLower Hutt
Estate descriptionFSIM,1/1,LOT 29 DEPOSITED PLAN 16818,900m2
ConstructionExternal Walls: Brick Roof: Iron
ConditionExternal Walls: Average Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Fernlea School
0.44 km
Primary
1-6
Government
Co-Educational
EQI: 478
4
St Oran's College
6.64 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 378
10

Property history

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For developers

Unitary plan:-
Land:900m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.40 km
2
1
79m2
Year 2024 Month 05 Day 27
$579,000
Council approved
10 Sheehy Grove
0.19 km
4
1
160m2
Year 2024 Month 05 Day 08
$535,000
Council approved
0.43 km
2
1
78m2
Year 2024 Month 05 Day 03
$575,000
Council approved
0.32 km
2
0m2
Year 2024 Month 04 Day 23
$875,000
Council approved
0.29 km
3
111m2
Year 2024 Month 04 Day 23
$840,000
Council approved

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Ref:LWH32796Last update:2024-06-21 15:45:48