Stepneyville
10A Rentone Street, Stepneyville, Nelson
Private Treaty
(unless sold prior)
First buyers, investors - this is it!
Deadline Sale (unless sold prior)
Closes 4pm, Wed 14 Nov 2018
288 Trafalgar Street
That over-used real estate term 'potential' really is the perfect word for 10a Rentone Street. This is the one that first-home buyers and investors/developers searching for an affordable project simply should not miss.
The three-bedroom home would certainly benefit from a renovation, but it and everything else about this quarter-acre property is opportunity plus.
First, there's the income potential from the downstairs self-contained flat.
Then there's the good old, large, traditional Kiwi (1,072 square metre) section - this one with double access, one from Rentone Street and the other from Washington Road. That unusual feature will excite developers with an eye to possible subdivision.
And, thirdly, there's the private, elevated location itself. You're at the very end of the two access lanes and well above Washington Valley to make the most of sun and a pleasant, open outlook.
If you add up all these bonuses, you won't want to delay. Here's that affordable opportunity for someone to get into the housing market and return this house to a sparkling family home - or for an investor to look at development or re-build options.
The property is a short walk to town, and its size and relative privacy are unusual in these slopes above Washington Valley. And then, there's the gradual gentrification of this area.
Access is excellent for re-building or renovation and the section is two-tiered and flat.
The 1950s weatherboard-clad and iron roof house of 110 square metres has been slightly altered over the years, with two double bedrooms and a single, a kitchen/dining area and a separate lounge, bathroom and separate toilet.
First-home buyers will relish the chance to get stuck in and renovate, and the income from the flat is a real plus.
Properties with this much potential don't come up every day, and especially within walking distance of town, so seize the chance to get into an area on the up.
