104 - 114 Waimata Valley Road, Makauri, Gisborne

Renovate, rework, reap the rewards

Set in a highly desirable part of the Gisborne flats, 104 Waimata Valley Road presents a genuine entry-level lifestyle opportunity with serious value-add potential. Recently relocated to site, the four-bedroom home is being sold as is, where is, with final works required to achieve full Code Compliance—making it an ideal project for builders, tradespeople or hands-on investors ready to finish what's been started.
The main dwelling offers four bedrooms, open-plan kitchen and dining, a good-sized lounge and a usable deck, with key infrastructure already in place including new piles, plumbing and a septic system completed at the time of relocation. Positioned on approximately 1.16 hectares of fertile, elevated land, the property is flood safe and well suited to gardens, fruit trees, kids, pets and lifestyle living.
Adding further upside is a separate three-bedroom, two-storey cottage, located around 60 metres away with its own access. While requiring a full renovation or redevelopment, it presents strong potential as an Airbnb, rental, guest accommodation or secondary family dwelling. Solar panels are already installed (not currently connected).
With motivated vendors and multiple dwellings across separate accesses, this is a rare opportunity to secure a versatile holding with scope to renovate, add value and potentially generate multiple income streams. To fully appreciate the scale and potential on offer, inspection is essential.

Auction (unless sold prior)
1pm, Fri 20 Mar 2026
Bayleys, 10 Reads Quay, Gisborne