66 Tutanekai Street, Paraparaumu, Wellington

Unlock the Potential of Spacious Living and Lucrative Income in Paraparaumu on the beautiful Kapiti Coast

Seize a rare opportunity with this expansive 1000 sqm property, featuring a generous floor area of 218 sqm, tailored for both savvy investors and large families. Strategically positioned just a 10-minute walk from the bustling Coastlands shopping mall and train station, this home offers both convenience and serenity.

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Property Features:

- Spacious Layout: Boasting 6 versatile bedrooms and 3 well-appointed bathrooms.

- Climate Controlled Comfort: Equipped with 6 heat pumps/air conditioning units ensuring year-round comfort.

- Energy Efficiency: Walls, Ceiling and Under Floor Insulation, all dwellings damp proofed.

- Efficient Utilities: Modern necessities with gas water heating and gas heating systems.

- Outdoor Living: Extend your living with charming verandas at both the front and back of the house.

Flexible Living Options:

- Investor's Dream:

Currently generating $1250 per week with potential to escalate. Live comfortably in the separate studio while maintaining privacy and maximizing rental income by renting out four additional bedrooms in the main house along with a quaint cottage.

- Additional Income Potential:

Harness the opportunity to increase your earnings by renting out the studio with an office for an extra $450 per week.

- Development Potential: Utilize 300 sqm of vacant land in the backyard to potentially build another house or two flats (subject to Council approval), perfect for increasing your investment portfolio.

Ideal for Families:

- This home is perfectly suited to accommodate a large or extended family, with ample space for grandparents or guests in the separate studio, blending privacy with proximity.

A Smart Buy: Whether you’re an investor seeking to capitalize on rental income, or a family needing space and comfort, this property promises to meet your needs and exceed your expectations. Don’t miss out on this golden chance to own a versatile and profitable piece of real estate.

Buyer Inquiry Over $945,000, for sale by Tender, closing 16 March 2025

Discover the perfect blend of lifestyle and investment. Act now to secure your future!

Call Michael now on 021 0876 7028 to arrange a viewing.

- To book a viewing, contact the owner directly, or find out more... please visit the listing here: https://listed.co.nz/property/4084