15B King Edward Parade, Devonport, North Shore

FUND YOUR MORTGAGE ON KING EDWARD PARADE

The asking price on this enviably located home on prestigious King Edward Parade in Devonport has been dropped to $2,549,000! This is great buying when you consider that this character-filled home has a large, self-contained B&B-type set-up that offers you the potential to generate in the vicinity of $45,000 a year that you could put towards your mortgage! So maybe you can consider living on King Edward Parade after all?

The current owners need to sell as they are on the move, and they are very realistic, hence the new low price - well under its CV, and representing amazing value for such a large and versatile home, especially given the opportunity it offers to make a healthy income too.

This property surprises everyone who comes to see it, as they can't get over how much it offers ... so to get a better idea, click now on the video icon on this page.

Quietly tucked up and away from the main street this building started life as a school house in Huntly in 1910, and was moved into this prestigious location in the late 1980s. The original character of the kauri school house has been built upon since, to create a very spacious home with a light-filled atrium-like living area with a new designer kitchen and a formal dining room, opening out to a peaceful cottage garden and private courtyards to make best use of the sun or shade throughout the day.

The master bedroom downstairs is a peaceful retreat, and a further two bedrooms can be found upstairs with sea views, one with its own deck, also a study (or another bedroom) and a very large additional living area with high quality surround sound home theatre set up. The main house offers 4 bedrooms and two generous living areas.

And the added bonus to this home is the sizable self-contained Bed & Breakfast type set-up within the building, with its own access and parking. You may appreciate the passive income to help secure this very enviable address in Devonport, or you could offer it to visiting friends and family or even your growing teens.

There's a double garage too with workshop annexe, as well as extra storage space in attic.

So if love character homes and being close to Devonport village is high on your wish list, you'd be crazy not to consider this home that offers lots of options to families of all sizes, including the opportunity to make some money!