


Listing Description
Endless potential with high yield & opportunity
1117 Karamu Road, Mayfair, Hastings, Hawke's Bay
Asking price $749,000
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Parking | 5 off street carparks |
| Agency reference | H27975 |
| Broadband in the area |
Description
Potential uses include (subject to HDC approval/due diligence - however many consents already approved):
- Two separate private rentals - strong income potential with over 10% return
- Home & income configuration
- Accommodation for extended or blended families
- RSE or worker housing
- Development site - potential for new 3-storey builds
Perfectly positioned in central Hastings, this property boasts a proven rental history, most recently generating $1,650 per week. Now vacant and ready for immediate possession, it offers a multitude of possibilities - from continuing as a high-performing investment to creating a flexible home and income setup, or future redevelopment.
Recent upgrades include:
- New Roof
- Updated Electrical System
- Freshly Painted Exterior
Recent upgrades include:
- New Roof
- Updated Electrical System
- Freshly Painted Exterior
- Healthy Homes Certificate Issued August 2025
All the hard work has been done - this property is primed for its next chapter. With excellent returns, a central location, and exceptional versatility, this is an opportunity that won’t last!
Contact Alicia Kennedy today on 027 828 1444 | Modern Real Estate | Your Go-To Woman
LIM Report and Building Inspection currently underway and will be available on request.
Open home times
Property Files

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