House for sale, 184 m²

32-34 School Road, Far North, Bay of Islands

na dotaz

Listed Jul 17, 2026

About this listing

A rare opportunity to secure a substantial home with multiple accommodation income streams, all within easy walking distance of Paihia township, the waterfront, restaurants and beach. Positioned in a sought-after elevated location, the property comprises a spacious residence with a self-contained apartment, plus two established holiday accommodation chalets. The flexible layout creates a range of options for owner-occupiers, investors, tourism operators or those seeking a lifestyle change. Income potential: Live in the house & earn income – pays your mortgage Choose to live in the main residence while continuing to let the apartment and two chalets as holiday accommodation, income pays your mortgage. Potential gross revenue: $141,000 p.a. Operate as holiday accommodation: Use the property as Investment Income, Total potential gross revenue estimated at $216,000 p.a. with Return on Investment of 8.25% Highlights: •Spacious 150sqm multi-level home with garage •Separate self-contained apartment + deck connected to house •Two established 24sqm + deck holiday accommodation chalets •Multiple income streams, Flexible home-and-income configuration •Walking distance to Paihia Beach and township •Ideal lifestyle, investment or semi-retirement opportunity •Proven tourism location in the Bay of Islands Whether you are looking for a lifestyle property that helps pay its way, or a tourism-focused investment with strong income potential, this is a unique opportunity to live where others come to holiday. Price Guidance is $1,200,000 inc GST Negotiable Use this link to download the Property files: https://www.propertyfiles.co.nz/property/1005449Show more