Behind a white picket fence on Domain Road lies an exceptional, albeit unexpected, opportunity that investors and extended families will particularly appreciate.

It might appear to be one large family home from the street, but this Whakatāne property is special – comprising two self-contained flats on separate titles, both with long-standing tenants who keep their homes immaculate.

For multi-generational living, as a rental investment, or as a do-up-and-resell for capital gain, this property offers considerable potential to a range of buyers. Its prime location is within walking distance of the Kopeopeo shopping centre, Whakatāne High School, Rex Morpeth Park, the Aquatic Centre, and other facilities.

Flat One is the larger of the two, featuring two bedrooms across two levels. Flat Two, situated downstairs, is smaller but also has two bedrooms.

Both flats are situated on a well-developed section with a meticulously maintained lawn and attractive, easy-care gardens. There is plenty of off-street parking and practical outdoor space for residents of both flats.

Constructed in the 1960s, both flats are tidy and well-maintained. They largely retain their original features, including some delightful retro touches - such as the dusky pink bath, basin, and toilet in flat one’s upstairs bathroom.

Homes of this era are renowned for their solid construction, and buyers seeking to renovate and modernise might uncover some stunning native timber in the process.

In flat one, the space is impressive, with abundant natural light. Large windows fill the bedrooms and living areas with daylight, and the north-facing lounge and dining area open via ranch slider doors to a wrap-around balcony.

Both bedrooms are generously sized, with ample wardrobe storage. One bedroom enjoys afternoon sun, while the other benefits from morning light and has French doors opening onto a large patio above the carport.

Downstairs, off the entry foyer, is a large laundry and a multipurpose room.

Entry to flat two is separate, on the other side of the house. Although smaller, it also has two bedrooms and north-facing open-plan living areas.

There’s a single bedroom off the lounge and a double bedroom off the hallway, along with a combined bathroom and laundry.

With long-term reliable tenants in place, buyers can enjoy immediate income while considering how to maximise this property’s full potential.

■ Double income opportunity
■ Prime central location
■ Options to purchase with extended family
■ Long-term tenants in place

1/75 & 2/75 Domain Road, Whakatāne | Listed by: Harcourts Whakatāne | Ph  07 308 6359
Deadline November 25, 2pm (unless sold prior) | Open home:  Sunday, 12.30pm-1.15pm
Agent: Callum Razak 021 454 753