Pakuranga Heights - Legal Home & Income Corner Site

Price $1,550,000
Location 64 Megan Avenue, Pakuranga Heights
Type Home & Income
Bedrooms 8
Bathrooms 3
Land 685 m2
Listing No # 905080
Listed 4/02/2025
Views 23

Open Homes

Description

Situated in the heart of Pakuranga Heights, this legal home and income property on a 685m² (more or less) corner site presents a rare opportunity for investors, large families, or developers. With a fully renovated main house and a separate 2-bedroom legal minor dwelling, this property offers strong rental income, long-term potential, and excellent future development flexibility.
Main House – Spacious & Modern

  • Upstairs: 3 bedrooms, a brand-new kitchen, renovated bathroom, separate toilet, and a bright living area.
  • Downstairs: 3 additional bedrooms with a separate entrance, a second bathroom, a rumpus/living area, and a laundry.
  • Triple carport attached to the main dwelling.
  • Current rent: $830 per week (market rent potential: $1,000+ per week).

Legal Minor Dwelling – Secure Income

  • Standalone 2-bedroom unit with a living area, kitchen, bathroom, and laundry
  • Current rent: $500 per week.
  • Garage next to the minor dwelling, currently used as storage.

Unbeatable Location & Development Potential

  • Prime corner site, offering the potential to build multiple driveways, enhancing future subdivision possibilities.
  • Wastewater on-site & stormwater access nearby – a developer’s dream.
  • Conveniently close to motorways, Botany Town Centre, Pakuranga Plaza, and major transport upgrades (Eastern Busway & Reeves Road Flyover).

Solid Investment with Secure Tenancies

  • Main house tenants (5+ years) – fixed tenancy until September 5, 2025.
  • Stable minor dwelling tenants – keen to stay long-term.
  • Total rental income: Over $1,300 per week, with high future potential.

A high-yield cash cow with capital growth and development upside – don’t miss out!
Contact today for an immediate viewing!

Contact our agent

Robin Liu

M: 022 06 1 3772

Barfoot & Thompson Ltd (Licensed: REAA 2008) - Howick

50 Picton Street, Howick
Auckland , 2014




RealEstate Agents contact details and original listing on www.realestate.co.nz -

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