Investor Opportunity - Dual Income

1 Grey Street, Wairoa

$469,000

4
2
120m2
1002m2
  • Property IDWAR43196
  • Property TypeHome and Income
  • Price$469,000 GST Inclusive
  • Floor Area120m2 more or less
  • Land Area1002 m²

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Investor Opportunity - dual income with tenants in place, returning $800 per week
Secure a strong, ready-made investment with immediate returns from day one. Currently generating $800 per week across two dwellings, this multi-dwelling property offers reliable income with the added benefit of flexibility for future use.
Positioned on a corner site with pleasant river views, the property comprises two separate dwellings, making it an ideal setup for investors seeking multiple income streams and reduced vacancy risk. With tenants already in place in the front unit and additional rental potential in the main home, this is a turnkey investment opportunity.
The main dwelling features a practical layout designed for comfortable living, with well-separated living and bedroom zones, and a functional bathroom configuration catering to tenant convenience. A sunroom and covered porch enhance tenant appeal, offering additional usable space and attractive river outlooks.
The secondary dwelling (relocated unit) is light-filled, featuring stacker doors and windows that maximise natural light and river views. Equipped with gas hot water for efficiency, this unit is well-suited to long-term tenancy and consistent returns.
Investors will appreciate the versatility of the property, with options to:

Continue dual-income streams
Live in one dwelling while retaining rental income
Maximise returns through future rental adjustments

Additional highlights:

Established site with strong tenant appeal
Corner position with easy access and parking
Work-from-home or home-and-income potential
Not affected by previous flooding events

With income already in place and scope to optimise further, this property represents a compelling opportunity for investors seeking solid yield, flexibility, and long-term value.
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Please note: Land and floor area measurements are approximate, and boundary lines indicative only. Reasonable efforts have been made to source information from reputable sources. We do not, however, warrant its accuracy or fitness for any purpose. Purchasers should independently verify information through a due diligence investigation if it is relevant to their decision to purchase.

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Kimberley Bell

Kimberley Bell

Residential & Lifestyle Sales Consultant