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sold
Sold
  • 5 beds
  • 4 baths

24 khandallah road Ngaio

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Auction Sold
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This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?

Renovated Character Home & Income

24 Khandallah Road has been meticulously renovated, with significant investment from the current owners to sympathetically enhance and substantially expand the charming 1930s Railway Manager's Cottage.

The main family home on the upper level enjoys all-day sunshine, privacy, and generous living space. It features a modern kitchen and multiple living areas that can be seamlessly integrated or separated for family living and entertaining. The thoughtfully designed layout allows for excellent flow to the outdoor deck and lawn, comfortably accommodating four bedrooms and three bathrooms (configured as two ensuites and a family bathroom), thus facilitating ideal family living dynamics.

The investment in the main home is further enhanced by extensive landscaping, which has created expansive terraced gardens, as well as the addition of a purpose-built, fire-walled, and separately metered one-bedroom basement apartment. This apartment includes an ensuite, separate living and dining areas, a modern kitchen, and laundry facilities, all complemented by its own sun-filled private garden and dual access, including wheelchair access if required. This arrangement makes the family home ideal for multi-generational living or as a superb AirBnB opportunity.

As of the last financial year, the current owners have achieved an exceptionally high host rating and an impressive revenue track record. This is unsurprising, given their unwavering commitment to excellence in every aspect of the property's renovation. Improvements include the installation of double glazing throughout while retaining the character of the original timber windows, complete insulation of the home, luxurious pet free carpet and beautiful native flooring throughout the original upper level, a new modern kitchen in the family residence, gas central heating, a new roof, recent exterior repainting, multiple heat pumps, and a luxurious Escea gas fireplace.

The exceptional outdoor landscaping features substantial earthworks to create private terraced gardens, an outstanding productive vegetable garden brimming with a remarkable array of vegetables and herbs, and an abundance of fruit trees-an astonishing total of 18. Additionally, there is a superb garden shed for storing all your outdoor gardening equipment.

This characterful family home, offering income potential, possesses all the hallmarks of a stately country residence while being conveniently located just a short distance from shops, schools, public transport, and the city centre of Ngaio.

Buyer Information Rates: $7,537.88 Exceptional AirBnB apartment income-generating track record. Circa $30,000 per annum revenue in financials! Rental appraisal for main family home $850-$900 per week & apartment $450-$500 per week. Combined potential rental return of $67,600-$72,800 per annum. In addition an extensive Property Information Pack will be available after the open home.

I look forward to welcoming you at the next open home.

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