40 Queens Road, Glen Avon, New Plymouth, Taranaki

This Glen Avon property gives you two liveable spaces on one section. A cosy 2-bedroom home at the front, and a fully self-contained sleep-out at the rear. Move into the sleep-out, tenant the house, and let the rental income take a serious bite out of your mortgage. It's the kind of setup that turns a first home into a first investment.

It's also a great option for extended family, older children wanting their own space, or simply having family close by while still maintaining a little independence and privacy. There's plenty of flexibility here to make the property work for you.

The main house is warm and low maintenance, with heat pumps fitted, making it easy to keep tenanted and comfortable. Meanwhile, you've got your own private space out back, a small footprint, low outgoings and all the privacy you need without the overheads of running a full house. The single garage with attached hobby room adds even more value.

For first home buyers wanting a foot in the door without carrying the full weight of a mortgage solo, families wanting separate living spaces, or anyone who likes the idea of house-hacking their way to equity, this is worth a proper look.

This kind of dual-living flexibility doesn't come up often.