Need some extra income?


53 School Road, Paihia

By Negotiation

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Need some extra income? | 53 School Road, Paihia | 1002439 |      X Close
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Need some extra income?


An extensive renovation has created two separate dwellings over two levels. Intergenerational living has never looked better, or perhaps you might rent one out, or even both. Choices a 'plenty with this wonderful home.

On the upper level are three-bedrooms a master with ensuite, a guest bathroom, open plan living, a designer kitchen and wonderful alfresco dining areas. The decking wraps around three sides of the home, with an easterly outlook over a picturesque bush-clad valley.

Downstairs consists of two bedrooms, bathroom, kitchenette, and a spacious lounge. The lower level is rented.

Convenience is a big plus here and will entice many buyers. School Road is 1km from the supermarket and 700m from the school and 950m to the beach. Along with its handy location, there is scope to possibly add a minor dwelling or sleepout (subject to approval) on the large 1026sqm site.

The logistics of renting out either space is simple. Privacy is assured as both have own access points, plus separate power meters, even the council rates are split. The property would suit a family or couple of friends wanting to get on the property ladder. Assessed rent $480-$500 a week for the upper level and $380-$400 for the lower level flat. There is a shortage of all rental accommodation and we would be happy to assist to find tenants.

The renovation has been extensive with new roof, wiring, lights, kitchen, plumbing, a new en-suite, carpet, dishwasher and extensive retaining walls.

There is an open consent to add further retaining walls with a driveway and turning area below the flat. The current owner is using the property as is, but a future owner could finish off the retaining work already done or complete the work as per the consent adding value and convenience.

Live in as is or complete the work. There is little available in the area, call Hayley or David for viewing or further information.

53 School Road, Paihia

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