Ray White Wairarapa
Real Estate Agents
- Listing #:
- MST31884
- Listed:
- 65 days ago
Buyer Enquiry Over $669,000
Huge Price Reduction - BEO now $669,000
54 Worksop Road, Masterton, MastertonOther
-
- 5 Bedrooms
-
- 2 Bathrooms
-
- 3 Toilets
-
- 260m2 Floor Area
-
- 859m2 Land Area
About this property
This vendor is motivated - You do the math - Rental Appraisals available at $550pw for Villa and $450 pw for 2 bed meaning a combined potential income of up to $52,000* per year both houses rented. Solid returns at BEO $669,000.Discover the perfect blend of home and income potential or straight up rental returns on both with this fantastic offering of two separate dwellings on a generous 859sqm section. Ideal for extended families, savvy investors, or those looking for a home with a built-in income stream, this type of property is a rare find.
The main villa oozes character and boasts a spacious layout with 3 double bedrooms, ample for family living. There is a separate lounge plus combined dining /kitchen area giving plenty of room to live plus scope for future reconfiguration to add value. There is an inbuilt Metro Smart wood burner providing plenty of warmth. An additional heat pump assists in heating the rest of the villa.
The family sized bathroom has been recently refurbished and modernised including a separate bath, shower and toilet. There is also a separate toilet and large laundry/ utility area at the rear of the house.
The cottage sits at the back of the section and although not on a separate title is fully fenced as a separate unit with its own access from Kaka St. Featuring two bedrooms, one bathroom, a modern kitchen and good sized living, this Versatile built cottage is ideal for Grandies, guests, or generating additional income to help with the mortgage. A Fujitsu heat pump provides more than enough warmth in winter and cooling down in summer.
OR
Flip that and live in the cottage and rent the villa - options galore!!!
Whether you're looking to accommodate extended family, secure a rental income, or simply enjoy a diversified living arrangement, this property offers solid possibilities. The potential dual-income stream provides financial flexibility and security, making this a smart investment in your future or a way to navigate the current economic climate.
Situated in central Masterton it is only a short walk to town and a stroll to Queen Elizabeth park. It is certainly a prime location.
Rental appraisals are available on request.
Call Tom Roseingrave now 0274333216.
* Returns based on current rental appraisals but not guaranteed
**The property does include two titles however further exploration is necessary to see if a boundary adjustment could be made for subdivision.
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