30 Michael Road, Paraparaumu Beach, Kapiti Coast, Wellington, 5032, New Zealand
An opportunity like this, in a location like this, is rare: two homes on one title, in one of the best spots in Paraparaumu Beach.
The plot hosts two classic weatherboard homes: the four-bedroom at the front; and the three-bedroom at the rear. Both homes are ideal for families, especially with the close proximity to school and sporting grounds. Living at Michael Road means effortless access to the nearby college, shops, parks – not to mention the beach just around the corner.
The front property is larger and boasts four double bedrooms and a freshly updated interior, featuring new coats of paint, and modern kitchen hardware. The rear property has high ceilings in its generously sized lounge, a family bathroom with a shower and a separate bath. And offers three bedrooms with wardrobes and original timber window framing. It’s got an open concept kitchen, dining, and living area in the heart of the home, with hardwood floors and a breakfast bar to create a homely, heart-warming charm. There’s a family bathroom with new vanity and modern shower, bath, separate toilet, and laundry just next to the kitchen.
Big extended families that want to live close together – with some separation for privacy too – have an incredible chance to do so, with ample space between the two properties for gardening, playing outside, or for cars, trailers, trucks, and boats.
For an investment opportunity, the potential of these homes is significant. The option for a dual income stream means a healthy rental yield against its buy-in cost. While there’s some work required to bring these up to Healthy Homes standards, there’s a number of easy value-add projects such as decking, landscaping, and external structures that are sure to make the property a veritable goldmine.
