ID#508864 - Newtown, Wellington South

ID#508864

Newtown

Wellington South

Tender

Approx

200_m²

(≈2,152.78 sq.ft.)

Approx

701_m²

(≈7,545.49 sq.ft.)

proudly marketed by

Adam Cockburn Brent Gilbert

Lowe & Co Realty

Adam

+64 (0)21 409 637

Brent

0274415026 Message us about this property

Newtown Home & Income & Garden

This large mid-century home & income is going to appeal to a broad range of buyers, from investors, renovators, first home buyers & developers. Offering a very generous 3 bedroom home with large living spaces and views across Newtown, there is huge scope to renovate or reconfigure, hence adding significant value in the process. In addition, the comfortably proportioned 1 bedroom flat at the rear, all on one level with the home, offers income to help with the mortgage, plus the potential to reconfigure back into one large home, all on one level.

Situated at the top of the pedestrian walkway at the end of the street, there is a walk up, and your effort is rewarded with wonderful privacy, quiet, plus great sun and views, with the town belt right at your door.

Main Home:
- 3 double bedrooms (easily able to be converted to 4 or more bedrooms)
- Open plan kitchen / dining
- Plus semi-open plan lounge that can easily be separated off if desired
- One family bathroom
- Great sun and views
- Spacious basement area, with generous stud height, that is screaming out for development
- Large, elevated section at the rear, with established and productive gardens, offering further potential for development
- 2018 RV $750,000
- Rates $3,487.15pa

The Flat:
- 1 bedroom
- Separate kitchen
- Lounge with dining nook, currently utilised as a home office
- Currently rented for $360pw with potential for more

PLUS the neighbouring section is available for sale also. With a combined land area of 1,029sqm (more or less), and inner residential zoning, both properties together offer very attractive development opportunities.

For Sale by TENDER (not selling prior):
Closes 1pm Thursday 20 May 2021
At Lowe&Co Realty, 8 Kent Tce, Wellington
The vendors will not be considering offers prior to the deadline date

Our vendors' ownership dates back 30 years. Their impending retirement plans mean the property is reluctantly offered for sale. If you are willing to roll your sleeves up and get "stuck in", there is a wealth of opportunity available here!

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Adam Cockburn

Lowe & Co Realty

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Hi, my name is Adam.

I love Wellington real estate! I caught the bug after reading a Dolf De Roos book in 1998, and bought my first property in Adam's Terrace, Aro Valley, just before I headed off to London for a number of years. I kept buying property, mainly in London and Auckland, whilst living in the UK, returned back to Wellington in 2005, and have been selling Wellington real estate since 2007. Having started out in sales during the biggest recession since the 1930s, this means that I have had to develop good habits from the start, to make sure I deliver the best service, and achieve the best results, for my clients when they want to sell their Wellington real estate.

I have lived in many different neighbourhoods, including Wadestown, Kelburn, Ngaio, Thorndon, Highbury, Rongotai, Miramar and Seatoun. Wellington is a great city and we should be proud of it. It is vibrant and alive, it is the cultural and coffee capital of the country, it is beautiful whilst also being an easy city to live in, due to it's compact nature.

So if you are looking to buy or sell Wellington real estate, give me a call. I will follow up every lead and turn over every stone, to make sure we achieve the best results possible together.

I look forward to working with you.

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