35A Mt Herbert Road, Waipukurau, Central Hawkes Bay
Buyers $375,000+
2
1
+8
+7
Functional, practical, profitable
Positioned as the front unit in an exceptionally convenient Waipukurau location, 35A Mt Herbert Road presents a smart, low maintenance opportunity with proven rental appeal and strong returns for investors, while also offering an ideal entry point for first home buyers seeking simplicity and ease. This appealing 1990s build offers a functional floor plan designed for practical living, highly attractive to tenants and equally comfortable for owner occupiers. An oversized bathroom complete with both shower and bath adds everyday comfort and appeal, a feature not often found in units of this style. With walking distance to town amenities, shops, and services, this is a location that consistently performs in the rental market. Easy care grounds keep maintenance minimal, while off street carport parking and a garden shed add the practical extras that tenants and homeowners value. A current rental appraisal of $420 to $460 per week in its present condition highlights the immediate income potential on offer with no upgrades required to achieve this return. This equates to an approximate gross return of 5.8% to 6.4%, placing this property firmly within the ideal investor yield range for Waipukurau, with further potential to add value through simple cosmetic improvements over time. Low maintenance, functional, well located, and tenant friendly, this is a property that makes financial sense from day one, whether you are building a portfolio or stepping onto the property ladder.
35A Mt Herbert Road, Waipukurau, Central Hawkes Bay
Web ID
WU222408
Floor area
71m2
District rates
$4508.78pa
Regional rates
$416.32pa
LV
$92,000
RV
$360,000
2
1
Buyers $375,000+
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Following the near sell out of Stage 1 with only three of the original 15 lots remaining via the original developer - the anticipated release of the final stage of the exclusive Mt Herbert Park development is nearly here! Consent has been granted for a further 23 lifestyle sized sections upon the 27.95 hectares of premium bareland currently sitting in two titles (22.39ha and 5.56ha). Due to a change in company ownership, the current owners are ready to hand the reins and potential gains over to a seasoned developer to see the completion of the subdivision through. Mt Herbert Park is a popular development offering lifestyle living with most sites offering sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond. Waipukurau township is within easy reach offering convenience to its nearby boutique shops, commercial businesses, cafes, schools, sporting and community facilities. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park run past the development offering a unique, geographically beautiful lifestyle with added recreational enjoyment. There's no doubt that with the predicted long-term growth for the area, demand for quality lifestyle sized bareland with such convenience will be high!
By Negotiation + GST (if any)
Mt Herbert Park is a popular development offering lifestyle sized sections with sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond while being just minutes from the shops, cafes and amenities available close by in Waipukurau township. This carefully planned and well executed subdivision has been in demand by those seeking a convenient location in which to build their dream home in stunning setting. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park is practically at the gate. Title is issued and therefore the lots are available for immediate possession with covenants in place to ensure your investment is protected by only other quality homes within the park. All lots have power supplied to the boundary with access to the lots via a shared driveway. Purchasers own water collection/storage and septic systems will be required. Secure now to build the lifestyle you've always dreamed. 34 Mason Drive, Waipukurau (Lot 10) - 7,828m2 (1.93 acres) 75 Mangatarata Road, Waipukurau (Lot 13) - 2.02ha (4.99 acres)
By Negotiation
Mt Herbert Park is a popular development offering lifestyle sized sections with sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond while being just minutes from the shops, cafes and amenities available close by in Waipukurau township. This carefully planned and well executed subdivision has been in demand by those seeking a convenient location in which to build their dream home in stunning setting. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park is practically at the gate. Title is issued and therefore the lots are available for immediate possession with covenants in place to ensure your investment is protected by only other quality homes within the park. All lots have power supplied to the boundary with access to the lots via a shared driveway. Purchasers own water collection/storage and septic systems will be required. Secure now to build the lifestyle you've always dreamed. 34 Mason Drive, Waipukurau (Lot 10) - 7,828m2 (1.93 acres) 75 Mangatarata Road, Waipukurau (Lot 13) - 2.02ha (4.99 acres)
By Negotiation
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