137 Koutu Road, Kawaha Point, Rotorua, Bay Of Plenty

Few properties carry the kind of easy nostalgia that this lakeside bach delivers the moment you arrive. Gated from the road and quietly set behind a generous lawn area, it sits at the edge of native bush with the lake just beyond, a setting that speaks for itself.

The home embraces its retro character, which for the right buyer is exactly its appeal. A covered entrance deck leads through a ranch slider into a generous foyer, offering a warm welcome and a glimpse of the space beyond. The open plan dining and lounge area is the heart of the home, anchored by a gas fire and framed by views out to the water. A ranch slider opens onto an elevated deck with steps descending to the rear lawn, where flat grassed grounds give way to native bush and the lake's edge beyond.

The kitchen retains its period character, with a Bosch oven and dishwasher. A well-appointed laundry sits off the kitchen with its own external access and cabinetry, and a bathroom with toilet, vanity and shower adjoins.

Three double bedrooms provide comfortable accommodation, two with direct access to the sunroom, alongside a modernised main bathroom with toilet, vanity, shower and radiator. Radiators run throughout the home.

A double garage with roller doors and gated rear access completes the picture, with an additional fully enclosed room off the garage offering flexible use.

Currently operating as an Air BnB, the property has proven appeal as an accommodation asset. But its deeper value lies in what it could become. A full renovation would unlock something genuinely special here, a permanent lakeside residence, a premium holiday home, or, subject to council approval, a site with subdivision potential.

Properties of this nature, established, lakeside, with room to shape your own vision, rarely present themselves twice.