146 Randwick Road, Moera, Lower Hutt, Wellington

This unique property on Randwick Road offers an outstanding home and income or investment opportunity with not just one, but two separate homes on a generous 907sqm flat section. Get together with 2 or 3 friends or family members, split the deposit 3 ways, rent out both dwellings and sit back while your land value increases and a high percentage of the mortgage is paid with the rental income, if not all.

Front House – Classic Charm At the front, you’ll find a 1930s two-bedroom home, full of character and potential, with new carpet throughout. The welcoming front porch and sunny yard set the tone, with easy drive-on access adding convenience. The living area features a classic bay window, a heat pump for year-round comfort, and adjoins a second living area. Roll up your sleeves and transform this cottage into an absolute delight.

Back House –Versatile Living Privately positioned at the rear, the larger three-bedroom home is ideal for families. It boasts a spacious lounge, a bright and airy kitchen, and a flexible dining room that can give you plenty of living options. A heat pump ensures comfort in the cooler months, and the fully fenced backyard offers plenty of space with room for kids, pets and a trampoline. A separate single garage and additional off-street parking complete the package. Currently tenanted for 20 years to the same tenant who would be happy to stay.

Outdoor Space & Location With 907sqm of land, there’s ample room for gardens, outdoor entertaining, or further development potential. Located in a convenient spot, you’re just a few minutes’ drive from Petone and Lower Hutt CBD. Local shops, schools, parks and facilities are all within a short stroll.

Two Homes, Endless Possibilities Whether you’re looking to live in one and rent the other, accommodate extended family, or maximise the rental potential of both dwellings, this rare dual-home offering is must-see. The versatility and value here are simply unmatched and it is a rare opportunity to secure land and future earnings. *Source of information: Property Guru, Nexus, Lower Hutt City Council (non-verified)