Listing Description
A winner on Wycliffe
38 Wycliffe Street, Onekawa, Napier, Hawke's Bay
To be sold by auction on 13 Feb, 12:00 pm
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $610,000 |
| Parking | 1 car garaging |
| Agency reference | NU217255 |
| Broadband in the area |
Description
Welcome to 38 Wycliffe Street, a unique opportunity to secure a smart rental investment with immediate returns and significant future potential. This property is a gem in the heart of the community, offering a blend of comfort, convenience, and lucrative investment prospects.
Prime location and generous space Situated on a generous 842m2 (approx.) section, 38 Wycliffe Street is more than just a property; it's a canvas for your investment dreams. The initial subdivision plans have already been completed and consented, outlining a proposed 448m2 (approx.) rear site. This provides the perfect platform for your next build, whether it's a new home, an additional rental property, or a development project.
Versatile investment options This property offers multiple avenues for investment:
- Landbank and collect rental income: Secure a steady stream of income while the property's value appreciates over time.
- Subdivide and develop: Take advantage of the council consented subdivision plans to create additional value.
- Build a second home: Whether you choose to live in it or rent it out, the possibilities are endless.
Guaranteed rental income The front four-bedroom house is currently under a periodic tenancy, returning $775 weekly, which translates to a gross annual return of $40,300 per annum. The tenant, What Ever It Takes Trust Inc, ensures that the rental income is guaranteed, providing you with peace of mind and financial stability.
Motivated Vendor Our motivated vendor is ready to move on to their next project, making this an opportune moment for you to act. Properties like 38 Wycliffe Street are seldom found, and opportunities like this don't stay available for long.
Act now Don't miss out on this rare chance to secure a property that ticks all the boxes. Whether you're an investor looking for immediate returns, a developer seeking your next project, or someone wanting to build a new home, 38 Wycliffe Street offers it all.
Join us at the "Bid Day Out" This property will be auctioned at our "Bid Day Out" event on February 13th. Mark your calendar and be ready to seize this incredible opportunity.
For sale by auction 13th February, 2026; 306 St Aubyn Street West, Hastings - from 12 noon.
Open home times
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Local Schools
While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.
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