The first thing that hits you is the section size - a huge 1,678 m2. Current Rotorua Lakes Council regulations state you need 450m2 to subdivide so there is the potential to add 2 extra dwellings on a flat easy access site.
The existing property is a 1970's bungalow in good condition at set to catch the sun beautifully. It has three double bedrooms with spacious open plan living area complete with a compliant freestanding fireplace. Perfectly ready to move tenants in.
The kitchen has recently refaced cupboards and bench top was renewed recently so modern and easy care.
The bathroom has a brand new toilet, tidy but original vanity and large shower. The bathroom ceiling just needs a paint and a ventilation fan.
The house is well sited at the front of the section leaving a huge vacant area at the rear of the property, with the potential of adding 2 extra dwellings subject to council consent. The old garage has been lined and insulated and could make a good hobby room or with council consent a sleep out for a teenager and bring in extra rent of about $30 - $40p/w.
The driveway is gravel and the property would be greatly improved by adding a sealed drive.
Being about 100m from Lake Rotorua, just a short flat walk from this home with lovely lake views from the gate. If this wasn't enough the Rotorua city is 2 minutes drive or an easy 15 minute walk passing Rotorua Hospital on the way.
There is a significant amount of new development happening in this area of Rotorua with many large hotels earmarked in the area and a large site nearby that appears to be owned by a housing company. With a large number of quality homes nearby as well as the possible new housing developments this home will be set in an area about to be gentrified. This property screams opportunity!