Call Tony to arrange viewing on 0800 61 8888

 Asking $259,000

A “granny flat”, on the other hand, is part of the main home, shares the services like water and power, and is only supposed to be inhabited by family members (such as your grandmother). Unless a Home and Income fulfills the legal requirements, it cannot be marketed and sold such.

Having sorted out the definition, I’ll explain why you should be looking to buy a Home and Income for yourself. I invested in just such a piece of real estate a couple of years ago and am just coming to realise what a great decision I made. The property is actually providing three income streams (it has a large storage garage as well as a 2 bedroom cottage and a four bedroom home). The rental income more than covers the mortgage payments, so I am able to make general improvements to the property (I like to keep my tenants happy and protect my investment) and, with the help of my Harcourts property manager, it’s become a passive income for me, for which I am happy to pay tax. Despite the change in investment property entitlements, with depreciation no longer able to be claimed, the high demand for good rental property means investors can have real confidence about the viability of this vehicle. My property has been fully tenanted the whole time I’ve owned it, and in the past year has grown handsomely in value.

Here’s an example: East Coast Bays homes, within walking distance of the beach, often appear to be beyond the average person’s means, yet if that property consists of a 4 bedroom home and a 2 bedroom flat, you could say that you are buying yourself a home for $750,000 and investing in a business for $250,000 which returns you $20,000 to $25,000 per annum. In essence, the “income” part is helping to fund you into a superior property. Or you could find tenants for the whole building and easily cover your repayments if you buy wisely.

Here’s one we recently sold in Park Rise, Campbells Bay for $870,000. This is a superb street, just a few minutes walk to the beach and Pupuke Golf Course. The 5 bedroom home was appraised at $850 – $975 per week, with the 1 bedroom flat at $260 – $275. Without adding in the expenses like rates and insurance, that’s roughly 7% return on the full purchase price. Or you could just move into a quiet street, full of quality homes, with the assistance of a tenant who is glad to live close to the beach.

Want to future-proof your life? How about a nice juicy rental income? Live in the 4 bedroom house and rent out the superb 2 bedroom apartment (potential income of around $22,000 per annum), or simply rent out the whole lot for an income that will more than cover the mortgage payments.
A stunning combination of state-of-the-art building technologies, superior material, chic urban styling and a tranquil bush setting – this creative, modern home opens effortlessly to expansive decks, lawn and a bush-clad site. Zoned for Mairangi Primary, Westlake and Rangi zone, this is a very desirable address. Split level, open plan living and a separate lounge in the main home provide lots of options, while the apartment is finished to the same high standard, with private outdoor living.

Open for viewing Saturday and Sunday 1:30 – 2:00pm

Auction in Rooms on Thursday 10 May at 6:30 pm

Just a lick of jandal rubber from the beach, the park and the school, this delightful weatherboard bungalow has a whole lot to crow about.

Boasting new timber exterior, new roof, plumbing and wiring, as well as a state-of-the-art granite kitchen, double glazed windows and full insulation – this is a home built for comfort as well as beauty.

A combination of modern open plan living, separate lounge with cosy fireplace, landscaped garden and decks front and back – you’re spoilt for choice when it comes to relaxing and entertaining with friends and family.

A lot of care and thought has gone into this virtual rebuild of a classic 1950s cottage, and you’re likely to fall in love when you visit 6 Korotaha Road.

Open to View – Saturday and Sunday 11:30 – 12:00pm

Auction on site Saturday 12 May at 12pm

Open to View on Saturday and Sunday 12:30 – 1:00 pm

Auction on site Sunday 22nd April at 2:00pm

1 Beulah Avenue, Rothesay Bay

This original roughcast bungalow – circa 1950 – is the ideal starter home in a wonderful seaside location.
Just 180 metres to Rothesay Bay Beach, you’ll be down for a walk or a swim every day and your kids will get to build sandcastles and fossick in the rock pools to their hearts content.

With a tidy interior, modernised bathroom and kitchen, and polished timber floors, you can live comfortably and upgrade or extend the home as you please. The fully fenced front yard makes for a great playground with space for gardens, decks and jungle gyms.

Walking distance to Rothesay Bay shops and Browns Bay Primary, with a major shopping centre in easy reach, and zoned for trangitoto College, this is entry level buying in a highly desired location.

Open Homes Saturday and Sunday 11:30 – 12:00pm

Big Family Home with Big Outdoor Living Spaces

What a fabulous opportunity to pick up where our owners have left off. The house is complete – spacious and modern, with 4 double bedrooms, office or 5th bedroom, open plan living and designer kitchen. All the hard landscaping is in – extensive paved areas and decking, stone retaining walls and plenty of outdoor play areas. All you need to bring is your green fingers and some creative flair to realise the dream of a beautiful family home within a tranquil bush setting, over one acre. You’ll be far enough from town to enjoy the peace and solitude that only country life can bring, while being just a few minutes drive from Albany Village and the central business hub of the North Shore.
Our owners have given us firm instructions – this home is to be sold!

To view this property call Tony on 0800 61 8888 or inspect during the open homes on Saturday or Sunday 11:30 – 12:00 pm

Auction is on Tuesday 3rd April on site at 6:30 pm

Trying to find a legal home and income on the North Shore is pretty difficult. Finding one in Campbells Bay is like the proverbial hen’s teeth. So we’re very excited to have found a bonafide home and income in much sought after Park Rise. Elevated, with a gorgeous leafy outlook, north-facing living spaces and a bit of a sea view, this is prime real estate.

The main house is a 1960s weatherboard bungalow, with 6 bedrooms, two lounges and 2 bathrooms – great for a large family, home business or for hosting foreign students. Polished timber floors, modern kitchen and bathrooms, and great outdoor living make for a spacious, attractive and well appointed home.

The one bedroom flat has easy access from the road, making it ideal for an elderly relative or completely independent tenant. The sunny back yard is terraced to provide level areas for play and gardening, with a number of mature trees including a magnificent old plum tree. This is wonderful family territory, with the magnificent Centennial Park just along the road, the golf course, the tennis club and the beach all in the neighbourhood. There’s a walking bus to Campbells Bay Primary, and the area is zoned for both Rangitoto College and Westlake. Excellent shopping is nearby at Mairangi Bay or Milford.

So, if you’re looking for a big family home with extra space for an independent relative, or you want to get into this great neighbourhood and need some extra income to make it happen, you need to come see this home and income. Call Tony to arrange a viewing time on 0800 61 8888.