Set on a sprawling 1.62 hectares, this property isn't just earning its keep with an annual rental income of $40,640 - it's also offering up bonus land that's as flexible as your imagination. With a 274 sqm commercial style building on site and a flat area out front perfect for parking logging equipment, machinery, trucks, or anything else you fancy, this is a golden opportunity for investors or business owners looking for space to grow. Whether you're after solid returns, room to expand, or both - this one delivers.

Buyers $450,000+

Situated in the heart of Matawai village, you're close to the local country school, community amenities, and positioned conveniently halfway between Gisborne and Ōpōtiki. It's an excellent blend of rural charm, space, and affordability. Enjoy the rural surrounds and discover this warm, welcoming cottage, perfect for families, lifestyle seekers, or as a base to enjoy what the region has to offer in the great outdoors. The property features multiple sheds, and plenty of room for running an animal or two. Ideal for those wanting a self-sufficient lifestyle. Run a few hens and enjoy a hearty breakfast of fresh eggs on toast, grow your own veges, life cannot get much better. Pure rural NZ. If you're into hunting, fishing, cycling, or the great outdoors, this is the perfect base for adventure. There's also genuine potential to set the home up as a B&B, homestay, or holiday rental. With two titles and scope to add value, this is an attractive opportunity for families, investors, or a keen handyperson wanting to refurbish and modernise. Don't miss out - get in touch to arrange a viewing and see the possibilities this unique property offers.

By Negotiation

Asking price has been reduced, owners want it sold today! • 7.11ha of lifestyle living • Just 27km to Gisborne, minutes to Te Karaka • Sun-soaked two-bed cottage • Sleepout/utility room • Vege gardens • Expansive deck • Sheep yards, loading race. Privately positioned and packed with lifestyle appeal, Lexington has been lovingly cared for by the same owners for over 30 years - a true testament to its charm, functionality, and soul. This is the kind of property where the morning sun floods the deck, the veggie garden thrives, and there's space to run sheep or simply soak up the serenity. The warm, sun-filled home is set well back from the road, offering a peaceful, private haven. A separate sleepout/utility room adds extra flexibility, complemented by a carport and workshop. Set across 7.11 hectares of well-subdivided land with mature tree plantings and a picturesque pond, Lexington feels like your own private park - a place to live sustainably, breathe deeply, and embrace the good life rural New Zealand offers. Now it's ready for its next custodian - will it be you?

$799,000