38 & 38A Te Arawa Street Orakei, Auckland City

Auction this Wednesday at 5pm! still time to view please contact Mi Zhou or Wayne Maguire.

These two properties on a cross-lease title in the heart of Orakei present options and opportunities for either investors or home buyers. The original brick and tile dwelling at the front is the classic early 1930s two-bedroom starter - modernised as a rental and maintained to meet Healthy Homes Standards. The house at rear built in 1987 enjoys easy flow to a secluded and sunny courtyard garden.

38 Te Arawa Street has an 84 sqm (approx.) floor plan incorporating open plan living and dining and tidy, modern little kitchen with gas hob, vinyl flooring and petite island bench. Cosy with one wall-mounted heat pump and DVS throughout, the home displays original native timber floors in both bedrooms which share an updated tiled bathroom with frameless glass shower, wall-hung vanity and chrome fittings. Forecourt parking out front conveniently provides for several vehicles.

38a Te Arawa Street at the rear is a more substantial north facing three-bedroom two-storey 142 sqm (approx.) dwelling with internal access garaging and a second freestanding. An elegant, sunny interior is enhanced by chapel ceilings for generosity of space. The open plan lounge and curvaceous dining room both have double doors connecting to an enormous wraparound alfresco patio and flat, fenced lawns. The renovated kitchen boasts all the essentials with natural light from a row of fixed skylights. Bedrooms upstairs get a bathroom each with primary quarters having ensuite and views from a Juliet balcony. The downstairs bedroom/office is adjacent to separate laundry and toilet.

Together the homes occupy a total 791 sqm site (approx.) which could be approached as either a developable block, subdivision project, land bank, or alternatively each become the home for two separate interested parties. In zone for Orakei School and Selwyn College, this extraordinary property steps from the vast Orakei Domain, is close to beaches and cosmopolitan precincts of Kohimarama, Mission Bay and St Heliers.

• Superb development or land bank opportunity
• Two dwellings on accessible 791 sqm (approx.)
• Front house a tidy 1930s brick and tile gem
• Modern 1980s home at rear with sunny courtyard
• Garaging and ample off-street parking on flat site

CV:

• 38 Te Arawa - $1,350,000
• 38A Te Arawa - $1,300,000

Rent Estimates:

• 38 Te Arawa - $660 - $800/week
• 38A Te Arawa - $875/week (currently tenanted for this price)