Whether you are searching for your first home, looking for a project or investing for the future, this property is well worth your inspection.
Standing on this site for around 100 years - and on the market for the first time in nearly 20 years - this modest home has certainly seen some changes. Roads have been widened, retail has boomed and rail services expanded making New Lynn a regional metropolitan centre with the development of shared spaces, new retail and higher density accommodation.
Occupying a strategic position in New Lynn's hub is this 1920's weatherboard bungalow. There's no doubt that this home needs some DIY, but here's your chance to explore your options and write the next chapter.
Renovate the existing home for a short term capital gain. Underneath the improvements is a character home with sought after original features waiting to shine again. Unleash your DIY skills and you could add some serious value here.
Or remove the existing dwelling - with the agreement of the cross lease shareholders - and re-build to your specification, subject to Council consent.
Or, better yet, convert the cross lease to "fee simple" or freehold title - with the agreement of the cross lease shareholders - and unleash the development potential of this property. The cost would likely be offset by higher property values if they were subdivided into fee simple titles. And you need only to look around at neighbouring developments to sense what could be possible in this zoning (Terraced Housing and Apartment Building).
Opportunities like these - and this affordable - don't come around often. The vendors' instructions are clear - this will be sold - so don't miss out. Call me to view today!
