20 Lysnar Street, Okitu, Gisborne

Auction 16 July 2026

5

Bedrooms

2

Bathrooms

1

Garages

+36

+35

Surf out front/income out back

A rare opportunity to secure a substantial family home in one of Gisborne's most sought-after coastal locations. Set on a generous section just an easy stroll from the beach, surf club, local dairy and one of New Zealand's premier surf breaks, this property offers space, flexibility and outstanding potential. The large two-storey home features three spacious bedrooms, two toilets, and elevated views, with bright, sunny living areas and the warmth of a wood-burning fireplace. While the interior could benefit from some freshening up, the home provides a solid foundation with plenty of scope to add value and make it your own. Adding to the appeal is a fully consented, self-contained two-bedroom flat, currently returning excellent rental income - ideal for extended family, guests, or as a valuable investment stream. Vacant and ready for immediate possession, this is a property that offers options: move straight in, renovate over time, or enjoy the income while planning your future vision. With the vendor committed to leaving, this is a genuine opportunity to purchase in the tightly held Okitu market. Large home, income potential, beachside lifestyle and endless possibilities - properties like this are rarely available. Call Shane Murrell right now, don't wait 0211008980

20 Lysnar Street, Okitu, Gisborne

Web ID

GIU227860

Floor area

270m2

Land area

809m2

District rates

$3806.97pa

LV

$493,000

RV

$973,000

5

Bedrooms

2

Bathrooms

1

Garages
Auction (unless sold prior)

Thursday, 16 July 2026, 12.00pm

Property Brokers, 66 Reads Quay, Gisborne

Upcoming open home(s)
Sun 19 Jul 03:00pm - 03:30pm

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Shane Murrell

Shane Murrell

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GIU227860

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