


Listing Description
Returning (approx.) 6.1% — A Smart Investment
29B Merivale Road, Parkvale, Tauranga, Bay Of Plenty
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $835,000 |
| Parking | 2 car garaging |
| Agency reference | ETL21313 |
| Broadband in the area |
Description
Absolutely perfect for investors or large families, this one could be your next smart move. Tucked away in Merivale and set back from the road, this five bedroom, two bathroom home offers flexibility and strong rental appeal. Until recently the property was returning $950 per week for the home as a whole. Please note 6.1% gross return is based off $950 per week and a purchase price of 799K.
Spread across two levels, the layout provides two distinct living zones, creating options for extended family living or households wanting extra space. The lower level includes a kitchenette area without an oven meaning the design lends itself well to shared living arrangements or households wishing to accommodate boarders.
Upstairs:
- Three well-proportioned bedrooms positioned for comfortable living
- Family bathroom complete with shower, vanity and toilet
- Light-filled open plan living space designed for everyday ease
- Seamless flow to the balcony deck capturing leafy green outlooks
- Generous kitchen offering excellent bench space and practical storage
Downstairs:
- Two spacious bedrooms providing flexibility for occupants or guests
- Comfortable living area creating its own separate retreat
- Kitchenette featuring sink, rangehood and space for a fridge and microwave
- Bathroom fitted with shower, vanity and toilet for added convenience
Adding further practicality are two separate single garages — one servicing each level — allowing the spaces to remain independent if desired.
Set on an easy-care site close to shops, main routes, and zoned for local schools, this is a property that offers flexibility for investors or families needing room to spread out.
Open home times
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Local Schools
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