9 Sunset Way, Ruakaka, Whangarei, Northland

Conveniently located minutes from Ruakaka beach and township, this recently refurbished 2-bedroom home presents a great opportunity for buyers. Currently tenanted on a fixed term returning 5% based on purchase price, with potential to add another 3-4% with the addition of another small dwelling.

Located on a flat 698 sqm end section, this home has been transported on site and refurbished throughout with a new kitchen, new flooring, and painted interior, exterior and roof. The house is well laid out with a separate bathroom, laundry, and two bedrooms tucked away from an open plan kitchen, dining and lounge area which opens onto a large sunny deck. It is located in a new private subdivision and is surrounded by quality new builds. The site enjoys having its own freedom with no covenants on the site.

This house offers options and opportunities galore.

It appeals to first home buyers looking for an affordable home to enter the property market. Ready to move into immediately, it also offers buyers the opportunity to add considerable value over time by further developing the site by adding a extension, cabin or garage.

Investors will be attracted to this property with clear capital and value adding opportunities. A current rental of 530 per week provides good returns whilst you landbank and see capital values in Northland increase. Or, add a small dwelling onto the site and increase returns by 3-4%. The Warkworth to Wellsford motorway extension and the ever-increasing prices in neighboring suburbs like Mangawhai and Waipu mean Ruakaka properties will also be set to rise in the next decade.

Those looking for a holiday home in Ruakaka will also be attracted to this property. Bring the boat and the extended family. Whether you want a lock up and leave you can use now or are looking for a site to build on in the future, 9 Sunset way presents various options. Use for the summer ahead, or Air BnB and use whilst you decide what you want to do with the site. When you are ready, either extend the house or sell it and build on your blank canvas.

Attractively priced, this property offers so many options and will be highly sought after. Contact Mark anytime on 027 524 4233.