20 Lysnar Street, Okitu, Gisborne
Auction 16 July 2026
5
2
1
+6
+5
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
Chattels
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
2
1
Auction (unless sold prior)
Thursday, 16 July 2026, 12.00pm
Property Brokers, 66 Reads Quay, Gisborne
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4
2
3
If these 4 items are at the top of your wish list, phone for an appointment to view today. The home has comfortable country feeling, with four bedrooms, a renewed ensuite, native timber styled kitchen and open plan family living with relaxed decor and an outside room perfect as a home office or for hobbies. The sunny deck is a great spot for morning coffee, while the covered outdoor area provides space for a spa, alfresco dining or just a couple of beers while watching the horses. The garden has been developed with established trees and plants, meandering paths and is truly a special spot to potter. What kind of shed are you looking for? 3 bay garaging? Woodshed? Stables? Tinkering place? Chook house? Machinery storage? All are catered for here. If you need space for horses or stock, the 3 plus hectares of land provides for this also, as well as having that all important POTENTIAL, of future subdivision. With so much on offer here, 140 Hansen Rd certainly warrants your consideration.
$2,350,000
Believe it or not...... YES, you can land bank this 5000m2 section for the future development of your new home. The sale will be subject to the issue of resource consent and the completion of the proposed subdivision by the owner. It's a wonderful spot, with other new homes currently being developed in the area. If you have the lifestyle dream, here is your opportunity to secure it at a price that won't be beaten.
By Negotiation
This exceptional 1.5 hectare (more or less) section offers the perfect blend of country tranquillity and sea views. Set among rolling hills with far-reaching outlooks over Sponge Bay, this is the chance to possibly create your dream home in one of Gisborne's sought after lifestyle areas. Highlights: • Stunning sea views towards Sponge Bay from the elevated building platform • Fully engineered, geotech certified previously, and stormwater drained site ready to be represented • Protective covenants ensuring quality homes and preserving your outlook • Established tree screening and a 9m height allowance • Just 2km from Wainui Beach and 5km to Gisborne's vibrant city centre and waterfront cafes.
$490,000
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