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Home + Subdivision = Opportunity


161 Stout Street Mangapapa, Gisborne 4010


Offering options aplenty for astute forward thinking buyers … this property is THE ONE !

No. 161 Stout Street is your classic 1930s bungalow, sturdy and constructed in an era when homes were built to last. Largely original interior, brimming with the perfect potential to capitalise with cosmetic improvements; an easy live-in D.I.Y family home. With a flat 1227m2 section, this is the kind of playground where Kiwi childhood dreams are made, it’s a fantastic setting for families with plenty of lawn to play.

AND logically, the over quarter acre site presents an excellent landbank opportunity either now or in the future. Something to seriously investigate further given the advantageous position of the home on the site – with a relocation of the garage, an almost textbook subdivision right here*

So many benefits on offer in one of Gisborne’s most sought after areas.

* A super roomy lounge/conservatory area at the front, or retreat to your dining room at the rear, overlooking your big backyard with a pretty rural outlook to the hills;
* Only a short walk to the ever popular Mangapapa School, Botanical Gardens, the thriving Ballance Street Village, and a super quick drive into the city centre;
* Zoned for Mangapapa School;
* Heat Pump and Air Conditioning Unit, Unovent Ventilation System, and ceiling insulation;
* Electrical improvements too.

A reluctant, yet very exciting change in my Sellers direction, sees this wonderful property being released to the market, and what an amazing chance it offers you !

Txt TracyB your deetz for the Property Information Pack #KiwiClassic.

• House size: 144m2
• Land size: 1227m2 – fee-simple
• Rates: $3,193.63
• 2017 RV: $362,000
• Market Rent Appraisal $480- $500 p/w
*As always, subject to survey, and local Authority bylaws and approval]

TENDER [unless sold prior] 12pm Wednesday 12th February 2020

The vendor reserves the right to enter into any contract for sale prior to close of tender date.

  • Address: 161 Stout Street
  • Area: Mangapapa
  • State/Country: Gisborne/NZ
  • Zip: 4010
  • Property Id: RX2176157
  • Property Size: 144 m²
  • Property Lot Size: 1227 m²
  • Bedrooms: 3
  • Bathrooms: 1
  • 2 Garage