18 Waikuta Road, Ngongotaha, Rotorua

Lakeside Retreat with sub-divisional potential

Owning a waterfront property is a lifelong dream of many - and for obvious reasons. Lawn to lake real estate usually means exotic views, a calm and peaceful atmosphere, and a relaxed vibe where owners can chill. This large and subdividable 1,270sqm (more or less) water-front section on Lake Rotorua has just that. It lies in a no exit Ngongotaha neighbourhood with very little traffic and loads of serenity. The sheer land size conjures up tranquil, personal sanctuary, while also lending itself to landbanking or development for future rewards. Adjoining reserve land bordering the lake, the property started life back in the sixties as a bach. In the 1990s a new 160sqm (more or less) three-bedroom family brick and tile home replaced the bach. The house retains its original nineties look however is immaculately presented. Several exit points create a warm relationship with the outdoors, and the dining area opens directly onto the patio for effortless indoor-outdoor entertaining against a stunning lake outlook. Bedrooms are all doubles, and the master has an ensuite and ample storage. The lake ambience has a great effect on health, mood and well-being, and numerous summer recreational water sports can be enjoyed. More often than not, waterfront properties account for significant value in terms of investment. As they're normally scarcer to find, they tend to retain their value over a longer period. Eagle eyes will see huge potential here.