Develop, Reside, or Both! $945,000 - $1,055,000

This is a prime opportunity to secure a rare offering in the heart of Redwood. Presenting currently as one title, with two residences, initial survey inquiries have been made maximise this footprint and subdivide into three sections.

The substantial main home, true to its 1960s era floor plan, comprises of 5 bedrooms, separate living and dining areas, and 1 bathroom. Extensive redecorating, including a new kitchen, LED lighting, and a full internal repaint has brought it up to modern standards. This is an ideal family home, and currently rented at $600 per week.

A fully consented, and also fully redecorated, 2-bedroom, 1 bathroom unit sits separately. This is perfect for extended families, or has the potential to bring in a weekly rental income of $300.

The large 1985m2 rear site also accommodates one single and one double garage.

Live in or indulge your development dreams… the possibilities are endless and are yours to grab hold of! Add to your investment portfolio and rent both residences… maximise potential and land bank for the future… or go for the trifecta - live in one and rent the other while you build your dream home next door.

All that is left to do is sit down and work out your future development plans!

Floor Area: 262m2
Land Area: 1985m2
CV: $660,000
LV: $405,000
IV: $255,000
Rates: $4,640.70
Built: 1960's
Insured through AMI. Policy# D0015274973/D0015769228. Sum insured for $769,600/$279,900
EQC Claims: CLM/2012/027641; CLM/2010/011305
Land: TC2
School Zones: Redwood Primary, Casebrook Intermediate, Papanui High School
Bus routes nearby - Route 125
Legal Description: LOT 2 DP 17074


Nathan Najib

m027 514 0775