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3-5 Knoll Street, Island Bay, Wellington City

Enquiries over $995,000

6

3

2

210m²

632m²

HOME + INCOME + STUDIO

Options and opportunity await! A spacious three income property placed on a 632sqm section with subdivision potential. The options are endless - look to live in the three bedroom portion, rent out the two bedroom unit and chose to Airbnb/rent out or use the third studio space as a work from home opportunity. Currently configured as this:

Home 1:

A spacious three-bedroom home, well presented inside with open plan living, dining and kitchen area. The kitchen has been modernised and offers good cupboard space and stone bench tops. A tidy family bathroom with bath and connection to the private, established outside garden from the laundry area. Off-street carpark.

Home 2:

A tidy two-bedroom (one large bedroom, one single bedroom/office) home offering generous lounge with bay window and a view out towards the South Coast and Island. A functional kitchen with connection to the sunny private backyard and garden space. Tidy bathroom with bathtub. Secure garaging.

Studio/Home 3:

A free-standing, fully furnished studio space offering a great Airbnb option or work from home space. Completely self-contained with kitchenette and adjoining living room, separate bedroom space and ensuite bathroom. The entry door opens from a sunny, private patio area with connection to the garden.

All placed on a large, slightly elevated 632sqm section offering great sea views across Island Bay and plans lodged with WCC for subdivision. Just 100m to the beach, enjoy walking the dog around the bays, being close to desirable schools, coffee hot spots and just minutes from transport links into the CBD. The options are endless. An ideal home with room for the extended family, a home with income streams or a home with income and work space options. Tidily presented with potential to change and enhance. Let your imagination run wild.

Currently tenanted with periodic leases in place. Rental assessment $1800-1950 per week.

A Builders Report and LIM Report are available after inspection.

Contact Chris or William for a private viewing!

Additional details

Type

Home & Income

Property ID

L33484617

Listed on

13/05/2025

Updated

6 days ago

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Listed for sale on OneRoof for 43 days (last updated on 13 May). This property has appeared in 10504 searches in the last 30 days. There are 3 6-bedroom properties for sale nearby. There are 28 properties for sale in Island Bay.

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Island Bay, Wellington City

Island Bay is a suburb which lies within the Territorial Authority of Wellington, one of 52 residential suburbs which form the wider region. Island Bay is the 8th largest suburb of Wellington in terms of the total number of residential housing stock. Island Bay 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 1920 - 1929. Residential housing stock in Island Bay is made up of approximately 90% residential housing and 10% residential investment housing properties.

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