6 Potai Street, Ostend, Waiheke Island

Flexible do-up opportunity

Here's a fabulous property springboard or rental investment for someone who is willing to roll up their sleeves.
The section, set in a sunny, sheltered spot between the Ostend hub and Palm Beach, has two buildings - a modest two-bedroom, two-storey home with the added feature of a substantial sleepout in the form of an original Waiheke cottage.
The main house has a tiled entry with designated laundry space, off which is a neat bathroom with shower.
Both bedrooms are also on this floor and share a veranda with steps down to the garden.
Upstairs is the main, open-plan living and kitchen area which, while basic in design, feels airy and light-filled, with its high ceilings, ample windows and wraparound deck.
A lick of paint and some kitchen upgrades could really make this a cosy space from which to enjoy the peaceful trees swaying in the breeze and peep views of the sea.
Sitting behind the home is the charming weatherboard cottage, in need of some attention, inside and out.
Simply oozing character, its darling native timber floors and original windows are waiting for someone to restore them to their former glory.
While the main home is perfectly liveable, the cottage will need a do-over, which gives the new owner flexible options for living in one while working on the other, or perhaps renting the main house out while upgrading the cottage.
In addition, with only 80 sqm of lot coverage used up by the buildings, there could be potential to extend, consents permitting.
The long driveway and easy-contour site make for flexible parking and future garden scenarios.
This could be a great opportunity for first-time buyers wanting to jump onto the property ladder, who are looking for some rental income to help with the mortgage.
In this central location, not far from the schools and just a walk to the Ostend market and beautiful Palm Beach, there aren't too many 'project' properties left in this price category.
Buy now, do it up and live the dream.
To download the Information Memorandum go to bayleys.co.nz/2151783