38 Waimai Road

About this property

A developer's dream or a smart long-term investment, this property also offers an excellent opportunity for first-home buyers looking to secure a valuable piece of real estate. Positioned on a generous 825sqm Freehold section with approximately 16 metres of road frontage, this solid three-bedroom, one-bathroom brick home sits well on the site, with a driveway leading to a detached double garage at the rear. The home offers approximately 110sqm of floor area and is currently tenanted by long-term tenants, providing immediate rental income while you plan for the future. Explore the potential to develop, subdivide, or landbank for future growth (subject to Council approval). Conveniently located close to schools, parks, shopping centres, public transport, local amenities, and just a five-minute walk to the beach, this is a rare opportunity to secure a property with outstanding potential. Properties offering this much land, generous parking, and future development potential are becoming increasingly hard to find. Our overseas vendors are highly motivated and have given clear instructions to sell.