12A and 12 Pooles Road, Te Aroha, Matamata-Piako, Waikato

With a combined rental appraisal of $960 - $1,040 per week (once the renovations have been completed) these two properties will be ideal to add to your rental portfolio.

Two adjoined homes on one cross lease title, each offering its own project, its own potential, and a combined opportunity that’s increasingly hard to find in Te Aroha. Side by side and connected by a party wall, 12 & 12A Pooles Road present a genuine value add proposition for investors, renovators, and flippers who know how to turn potential into profit.

12A Pooles Road — The Bigger Project, The Bigger Upside This three bedroom, one bathroom home has an open plan kitchen, dining and lounge that will come alive again with the right vision. It hasn’t been lived in for some time and will require a thorough refresh — think paint, flooring, kitchen and bathroom upgrades, and general reinstatement. For those who aren’t afraid of a project, this is exactly where the opportunity lies. The bones are here, the layout works, and the scope to modernise is significant.

12 Pooles Road — Immediately Tidy, Ready to Refresh The front dwelling is a two bedroom, one bathroom home with a separate kitchen and lounge. It’s in liveable condition and offers a more straightforward renovation path. A cosmetic update — fresh paint, new flooring, modernised kitchen and bathroom — would quickly lift its appeal for tenants or resale. It’s the easier of the two, but still with plenty of room to add value.

Why this pair matters together - these two attached dwellings create a compelling investment scenario. Renovate both and secure dual rental income, or complete the upgrades and on sell as a tidy pair. Maybe live in one and rent the other. With strong rental demand and limited entry level stock in Te Aroha, the numbers stack up for those willing to do the work. Opportunities like this — two homes, one title, clear value add potential — don’t come along often.