• $495000

27 Koromiko Street, Otaki Beach, Kapiti Coast, Wellington, 5512, New Zealand

With a floor area of 80 square metres on a plot of 870 square metres, this is a little home with a huge potential. It’s a weekend getaway or investment any-way.

 

This is a simple, charming and functional home that’s just perfect as a get-away-from-it all beachside bach with all the basics.

 

Outside there’s a garage and a shed, the plot is fully fenced, laid to lawn at the front and has lots of native, established shrubs and trees at the rear. The beach is at the end of the road while Otaki’s shops, schools and station are just five minutes away.

 

At the front of the house – far back from the road and on a slight incline – there’s the kitchen – lounge-diner where the family can crash after a day at the beach. Currently there’s two bedrooms accommodating four beds; the first has a double bed; and the second one has a double bed and two singles. It’s huge.

 

It wouldn’t take much to create two separate bedrooms from this and turn the house into a three-bedroom property. There’s two bathrooms, one of those combines a laundry. But given that the house takes up only 10% of the total land area, there’s huge scope to do a lot more.

 

You could extend the existing home or start from scratch with a clean slate of 870 square metres of land. What could you do with all that?

 

There are Government zoning changes on the horizon, and that means owning this simple, small home could be actually be an astute investment in some prime land that could yield some significant returns when fully developed.

 

So whether you see this as your beachside base for the weekend, or an investment case for the future, there’s plenty here to play with.