7 Watea Road Sandringham, Auckland City

If you are looking for a large character home with potential, a city-fringe investment, or a bit of both, this is a great opportunity - so many options! E.g. Live in the house and rent out the flat and sleep-out, or rent it all out and reap the rewards!

This gorgeous, approximately 100 year old character home has 4 double bedrooms, plus a self-contained 1 bedroom flat downstairs and a 1 bedroom sleepout behind the house. The flat and sleepout have been recently renovated. The 6 bedrooms have been rented out for $1,420 per week.

With a Northerly aspect to capture all day sun and close proximity to the city and St Lukes shopping mall, this character home in popular Sandringham will appeal to many who are looking for a great, city-fringe opportunity for living, investment, or a bit of both.

Viewing is essential to appreciate the great opportunities that exist with this gorgeous property.

Features:

• 4 double bedrooms upstairs
• 1 double bedroom in the self-contained flat downstairs
• 1 room sleepout
• Floor area: 229sqm (more or less)
• Land area: 441sqm (more or less)
• Fee Simple Title (freehold)
• CV $950,000
• Rental Appraisal: $1,465 - $1,500/week
• School zones: Mt Albert Grammar, Kowhai Intermediate, Edendale School, Balmoral School

Mixed Housing Urban zone under the Proposed Auckland Unitary Plan (Decision Version 19 August 2016), which is 2 dwellings per site (houses, or apartments) and up to 3 storeys.
Details here: http://unitaryplan.aucklandcouncil.govt.nz/Images/Auckland%20Council%20Decision/Chapter%20H%20Zones/H5%20Residential%20-%20Mixed%20Housing%20Urban%20Zone.pdf