TWO DWELLINGS. PRICE REDUCED!

Listed 14 Aug
46 South Road, Masterton, Wellington
Enquiries over $729,500
Details
- Floor Area
- 200m²
- Land area
- 1012m²
- Toilets
- 3
- Parking
- Double Garage plus 4+ off street parking
- Broadband
- ADSL, Fibre, Satellite, VDSL, Wireless
- Capital value (CV)
- $610,000


TWO DWELLINGS. PRICE REDUCED!
NOW BUYER ENQUIRY OVER $729,500
Two dwellings, 1 title and scope for extended families or as an Investor enquire now!
Rental appraisals - Main house $570 to $600 per week. Cottage $360 to $380 per week.
If versatility, space and income potential are high on your wish list, 46 South Road is a property you need to see.
Set on a generous 1,012sqm section, this substantial property offers not one, but two separate dwellings, together with a large double garage, attached storage room and workshop space.
The main home is a charming five-bedroom villa, retaining plenty of its classic character while having been thoughtfully improved over the years including mostly double glazed windows. There's a modernised bathroom, re-roofing, re-wiring, DVS ventilation and two heat pumps, while the freestanding log burner provides plenty of warmth and atmosphere through the cooler months.
The open-plan living area provides an inviting hub for family life, opening through French doors onto a west-facing deck and barbecue area - the perfect spot to relax and enjoy the afternoon and evening sun.
Adding even more appeal is the solar panel system, helping make the home more energy efficient.
Then there's the separate two-bedroom cottage tucked away to the rear of the property. Complete with its own DVS system, the cottage is currently rented for $350 per week, providing an immediate income stream and genuine home-and-income potential. The existing washing machine will also remain.
For extended families, the possibilities are equally compelling. Imagine having mum and dad comfortably settled in the cottage while the family occupies the main villa, or providing independent accommodation for teenagers, guests or other family members.
There's also excellent practicality here, with plenty of off-street parking, including parking at the front of the villa for the cottage tenant, plus that impressive double garage, storage room and workshop space.
Whether you're looking for a large family home, accommodation for extended family, an investment opportunity, or simply a property with plenty of options for the future, this one offers flexibility that is becoming increasingly hard to find.
Two dwellings. Five-bedroom villa. Two-bedroom cottage. Income potential. 1,012sqm section.
There's a lot to like - and even more potential to explore.
Come and see what makes 46 South Road such an interesting proposition. Make an offer now! Buyer Enquiry Over $729,500

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Local Schools
- MASTERTON PRIMARY SCHOOL53 South RoadRoll: 266
- MANAIA KINDERGARTEN53 South RoadRoll: 46
- HADLOW PREPARATORY SCHOOL68 High StreetRoll: 194
- HADLOW PRESCHOOLC/- Hadlow Preparatory School High StreetRoll: 34
- AWHI MAI EARLY LEARNING CENTRE - TE MAIPI43 Harley Street
- AWHI MAI EARLY LEARNING CENTRE - KAIHOATA50 Harley Street
- MASTERTON INTERMEDIATE38 Intermediate StreetRoll: 339
- PŪRĀTĀ KINDERGARTEN2 York StreetRoll: 50
- CHANEL COLLEGE26 Herbert StreetRoll: 337
- SOLWAY COLLEGEFleet StreetRoll: 211
- WAIRARAPA COLLEGE83 Pownall StreetRoll: 935
- ST PATRICK'S SCHOOL (MASTERTON)132 Chapel StreetRoll: 214
- DOUGLAS PARK SCHOOL136 Cole StreetRoll: 358
- ST MATTHEW'S COLLEGIATE (MASTERTON)33 Pownall StreetRoll: 274
- PUAWĀNANGA WAIRARAPA YOUNG PARENTSMakora Road
- TKKM O WAIRARAPA37 Johnstone StreetRoll: 171
- SOLWAY SCHOOL318 Ngaumutawa RoadRoll: 252
Location info
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Open home times
SundaySun
2:40pm - 3:00pm
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SundaySun
2:40pm - 3:00pm
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Property insights
HomesEstimate
- Updated
- October 1, 2026
- Estimated value
- $605K - $730K
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- September 1, 2023
- Capital value
- $610,000
- Land value
- $255,000
- Improvement value
- $355,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 605K - 730K
- Suburb median
- Masterton: 485K



