29 Calais Terrace, Ostend, Waiheke Island, Auckland

You can tell at first sight that this is a stylish, first-rate property. What's not so obvious is just how much is on offer here.

First, there's the main house. Tasteful, minimal decor makes the most of its classic construction. Elegant new wood laminate and superb new wool carpets cover the floors. The kitchen and appliances are brand new, as are the vanity and hardware in the bathroom, and everywhere has been freshly painted.

There are peaceful elevated bush views from the sunny decks onto which the open plan kitchen/dining/living opens out. There are two splendid double bedrooms and a neat office/study nook as well. It would be a great house to work from home. Better still, this is a home that can bring in income.

Which brings us to the second jewel in this crown - the separate, modern, one-bedroom studio apartment. Classic, white, subway tiling sets off its thoroughly modern kitchen and open-plan dining/living area, which looks out onto its own sunny, covered entertaining deck. Far better than your average studio flat, this apartment has its own tasteful bathroom and chic walk-in wardrobe. It could easily be a great holiday or long-term rental.

Then there's the excellent sleepout unit with painted timber panelled walls, room for two single beds or a double. Once again, there's an income opportunity right there.

There's even a storage shed and another new, sizable auxiliary building here. And you still get brilliant access and heaps of off-street parking on this large 1502m2 (approx.) property.

With Woolworths supermarket, Ostend village, shops and the famous Saturday market close by, as well as public transport along Ostend Road, this is a fantastic spot to be in.

Whether you're looking for a home, a home and income, a rental investment or maybe somewhere to accommodate your staff on the island, this premium property is packed with options well worth considering.

Auction on site, Saturday 4 October (unless sold prior).