This square fronted character villa awaits a makeover. Be prepared to roll up your sleeves and come along with an open mind, bring your vision, perhaps even an architect or builder to see how you can very simply take this gem onto the next level, like most of the neighbours have done.
Enjoy the 4 spacious bedrooms, plus the garden studio (5th bedroom), the modest kitchen and bathroom, two toilets and a separate laundry. The home itself is positioned very close to the frontage, so it enjoys the North facing aspect to capture all day sun.
There's an amazing opportunity to perhaps relocate or build a minor dwelling at the rear (subject to Council consent), which will certainly boost the rental return, that is currently around $42K pa.
This sought after location is right on the cusp of the Kingsland vibe - with all the funky cafes, popular bars and ethnic eateries, electric trains, footie and cricket at Eden Park, and it's close to the motorway links to all directions.
This is certainly entry level buying in a much desired suburb where capital gain will be assured, just look back to what happened to Ponsonby prices over the past few years. Kingsland is already the next "hot suburb", where the unique buzz and hype is already happening, especially with it being so close to the City with all the old character homes and lovely heritage shops that enjoy the bohemian lifestyle that go along with it all.
Our elderly vendor has owned this investment property for almost 40 years, paying only $28,000 back in 1981 - so just imagine what the property could be worth in another 40 years?
Contact Steven Glucina 021 888 455 or Dee McDade 021 448 832
Download the full information pack here: agentsend.com/XNSM
View Saturday and Sunday 2:15 - 2:45pm, or by appointment
Auction 6:30pm on Wednesday 4th July, in our rooms 190 Ponsonby Road (unless sold prior)