


Listing Description
Multigenerational Living & Investment Opportunity
350 Otorohanga Road, Te Awamutu, Waipa, Waikato
Asking price $895,000
Details
Attribute | Value |
---|---|
Property type | House |
Capital value (CV) | $1,050,000 |
Agency reference | OH22647 |
Broadband in the area |
Description
Embrace the ultimate rural lifestyle with this exceptional property offering two dwellings on a 2,591m² section, making it perfect for multi-generational living or a savvy investment opportunity. The property is located a mere 8 minutes south of Te Awamutu on State Highway 3.
This property is ideal for extended families or those looking to generate rental income or home and income. There is ample space and comfort for the entire family with the main home including four bedrooms, spacious living areas, two bathrooms and a huge amount of natural light with an elevated vantage point. The attached fully consented two-bedroom dwelling provides additional accommodation or rental income potential, adding even more value to this unique offering.
A current rental appraisal estimates a potential income of $1,200 per week with the property being up to Healthy Homes standards and having previously been rented, making this a strong and proven investment opportunity. The private rural setting offers stunning countryside views, creating a peaceful and serene atmosphere. Extensive native tree plantings have been undertaken around the property, enhancing its natural beauty and attracting native birdlife in the years to come.
Outdoors, there's plenty of land to utilise, whether you wish to build a shed, add a garage, or establish a large vegetable garden. At the end of the day, you can cool off in the swimming pool, making this property an entertainer's dream.
Whether you're looking for a spacious family home or a strong-yielding investment option, this property ticks all the boxes. You can choose to live in one dwelling while renting out the other or take advantage of the opportunity to generate dual rental income.
Priced to sell with realistic price expectations aligned with today's current market conditions our vendor who no longer lives in the area has confirmed they are serious about selling and want this property sold.
Open home times
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