1 Reid Avenue, Luggate, Wanaka, Otago

If you've been trying to get into the Wanaka market but keep missing out, this could be the opportunity you've been waiting for. Located in the welcoming community of Luggate, just an easy 10-minute drive from Wanaka, this property represents one of the most affordable ways to secure a foothold in the Upper Clutha.

Set on a generous 809 square metre section, this classic Kiwi bach offers space, sunshine and plenty of potential. With two bedrooms plus a versatile sunroom, there's flexibility here for extra accommodation for guests, a second living space, or even a work-from-home area.

For first-home buyers who have been priced out of Wanaka itself, this is a chance to finally step onto the property ladder and make something your own. For investors, the numbers will also make sense. The property is currently rented to long-term tenants, producing a solid return, and it comes with a Healthy Homes certificate already in place - making it a ready-made, low-hassle investment from day one.

Outside, the large section offers flexibility and future potential - whether that's room for the boat and camper, space for backyard gatherings, or opportunity for those with an eye for development or improvement, and aren't afraid to roll their sleeves up. Affordable homes with land in this area are becoming increasingly rare, so whether you're a first-home buyer looking for your start, an investor chasing yield with tenants already in place - this is an opportunity well worth your attention.