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Dual Income Investment with Future Potential

Barfoot & Thompson Northcote, (Licensed: REAA 2008)

Listed 19 Mar

1/40 Cheval Drive, Totara Vale, North Shore City, Auckland

Price by negotiation14 June 2026

Bed2
Bath1
Living area1
Floor area80m² more or less

Details

House
Cross Lease
80m² more or less
2 Bedrooms
1 Bathroom
1 Lounge
1 Garage parking
1 Off-street parking
Fibre, Satellite, Wireless
None
Property interior
Property interior

Dual Income Investment with Future Potential

A rare opportunity to secure a dual-income investment property in the highly sought-after Totara Vale suburb.

This cross-lease property comprises two separate dwellings, 40A and 40B both to be sold, Can be sold separately or together. Positioned on an approximately 672m² shared land area.

This property is 2-bedroom, 1-living layout, and both properties are currently tenanted, providing immediate rental income from day one.

Importantly, the property benefits from fully connected services, presenting potential future development or improvement opportunities (subject to council approval).

Key Features:

  • Cross Lease ownership
  • 2 bedroom, 1 living homes
  • Services available on site
  • Strong long-term holding property

Location Highlights:

  • Popular Totara Vale residential suburb
  • Easy access to motorways
  • Minutes to Wairau Park commercial precinct
  • Close to schools, public transport and amenities
  • Proven high-demand rental area

This is an outstanding opportunity for investors, land-bank buyers or developers seeking income today with future upside tomorrow.

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1/40 Cheval Drive has been viewed 1,923 times since it was first listed on 19 March 2026. There are 39 people keeping an eye on it.

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1/40 Cheval Drive, Totara Vale, North Shore City, Auckland

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Property insights

HomesEstimate

Updated: Thursday, 14 May 2026

RentEstimate

Updated: Friday, 2 August 2024

$510 - $620 /week

Rental yield

These are computer generated price guides only. For more information about this property, contact the agent


Past sales & timeline

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