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22 Bank Street, Kaitaia, Far North

Enquiries Over $520,000

4

2

60m²

Solid Investment Opportunity!

Looking for a solid investment opportunity in Kaitaia with two separate income producing units?This property offers two x two-bedroom units, making it an appealing option for investors, extended families, or buyers looking to live in one while generating income from the other.Each unit features two bedrooms, comfortable living spaces, and its own dedicated laundry and storage room, practical features that add to the independence and functionality of each home.Both units are fully insulated, and each unit has an aircon/heat pump providing an important level of comfort for tenants and helping with energy efficiency.The property underwent extensive roof repairs and remediation work approximately two years ago. While the roof is an older iron product, it remains sturdy following the completion of this work.And here's where the numbers become particularly interesting. The property currently provides a gross rental return of $46,800 per annum. That equates to $900 per week in gross rental income across the two units.That's an income producing property worth serious consideration for investors looking to add to their portfolio.Both units are Healthy Homes compliant. Just in need of some cosmetic touch ups.Each unit has its own certificate of title (cross lease), both units to be sold together.Located on Bank Street in Kaitaia, you're conveniently positioned close to local shops, schools, Kaitaia hospital and everything the town has to offer.Contact Lee Dickens - viewings strictly by appointment only.

Additional details

Type

Unit

Property ID

19748

Listed on

11/08/2026

Updated

20 minutes ago

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Listed for sale on OneRoof for 2 days (last updated on 11 August) and was last sold in 2017 for $120,000. Its latest rating valuation by Far North council is $355,000 as of 2024. There are 10 4-bedroom properties for sale nearby. There are 50 properties for sale in Kaitaia.

Property data

On OneRoof

2 days

Property Type

Unit

Floor Area

340m²

Land Area

122m²

About the area

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Time (yrs)

5 yrs

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Kaitaia, Far North

Kaitaia is a suburb which lies within the Territorial Authority of Far North, one of 59 residential suburbs which form the wider region. Kaitaia is the 2nd largest suburb of Far North in terms of the total number of residential housing stock. Kaitaia provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1890 - 1899. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Kaitaia is made up of approximately 77% residential housing , 2% residential investment housing and 20% lifestyle properties.

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