50 Riddiford Street, Newtown, Wellington, Wellington

Directly across the road from Wellington Hospital and just moments from the CBD, this is location buying at its most strategic. Elevated above the road for added privacy, with flat, usable outdoor spaces, this character property offers position and potential Let's be clear: it needs work. But in a neighbourhood surrounded by $1m+ homes, we challenge you to find better value for money in such a tightly held location.

Currently vacant and previously configured as a home and income investment, the bones are here. For buyers with vision and appetite for a project, the rewards could be significant

• Prime city-fringe position directly opposite Wellington Hospital and minutes to the CBD
• Elevated setting away from the road offering privacy and separation
• Flat, sunny outdoor areas with garden, patio and BBQ space
• Home and income investment configuration providing flexibility or potential rental return
• Approximately 130sqm^ of floor area ready to rework and revitalise
• Four bedrooms across the property with generous living spaces
• Original character features offering a base to restore or enhance
• Heat pump in each dwelling
• 384sqm^ section with scope to further improve or extend (subject to council approval)
• Offers are invited upwards from $645,000

There's no disguising it - this is a renovation project in tired condition. But the location is exceptional, the land is usable, and the upside is real. For builders, developers, or determined renovators seeking value for money in a premium setting, this is a rare chance to secure a strategic city-fringe investment - this won't last, see it this Sunday.

^Source of information: Property Guru, Nexus, Wellington City Council (non-verified)