Listed: Wed, 4 Mar

Mornington Makeover- Home and Income

164 The Ridgeway, Mornington, Wellington, Wellington

Price by negotiation

5 Beds
2 Baths
2 Living areas
210m² Floor
516m² Land

Other Features

2 Separate toilets
2 Off-street parking
Home & Income potential

Attribute	Value
Property type	House
Capital value (CV)	$1,010,000
Parking	2 open spaces
Agency reference	KOR30793
Broadband in the area	Fibre, Cable, Satellite, Wireless

Bring your architect and builder to unlock the great potential of this 1945 home-and-income opportunity. While the downstairs two-bedroom flat requires immediate attention, the three-bedroom upstairs flat-boasting views of the western hills-offers an immediate income stream to support you while you plan your improvements. Historically returning $700 per week in rent upstairs and $600 downstairs, this property has proven cash flow with significant room for growth, whether you choose to renovate the existing property or fully redevelop the site. Perfectly positioned near schools, shops, and public transport, this "as is, where is" sale represents a rare opportunity for motivated buyers to secure a fruitful investment.

Open home times

No times scheduled

Property Files

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Local Schools

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