3 POTENTIAL INCOME STREAMS

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Be prepared to fall in love with the magnificent homestead villa located down a tarsealed road at 583 Otawhao Road, Kumeroa. Surrounded by extensive and established gardens, mature trees, a tennis court and most importantly - privacy, this property needs to be seen to be believed. But wait, there's more; this small farm/large lifestyle offers the potential of three income streams:

Stream #1: 38 hectares (94 acres) of predominantly steep hill country including a large woolshed with night pen and covered yards, 6-bay implement shed with 1 enclosed, loading race and stables with 4 boxes plus tack room. Currently used for rearing calves and grazing beef and sheep.

Stream #2: 3 bedroom cottage with garage. Well presented, light and airy and ideal as a rental. This cottage also comes with a replacement kitchen ready to be installed by the new owner.

Stream #3: Self-contained single unit. This one-bedroom small unit comes with native timber features, a separate living area and small kitchen with a pot belly stove as well as a separate bathroom. From the outside it's nothing too special, but the inside has been beautifully renovated. Ideal as a rental for a couple or maybe as a BnB.

The villa itself is the jewel in the crown of this property with high ceilings, native timber throughout, large bedrooms with built in storage and multiple living areas. The master bedroom comes with a large walk in wardrobe and there is ample space to install a second bathroom or ensuite.

There is so much on offer at this property that seeing it in person is the only way to appreciate the opportunity it presents.

$1,289,000 + GST

Additional Features

Bedrooms: 4 Bedrooms
Bathrooms: 1 Bathroom
Garages: 2 Garages
Kitchen: Electric Stove, gas Hob
Entertainment: Yes
Heating: Solid
Hotwater: Electric
Chattels: Fixed floor coverings, Light fittings, Drapes, Rangehood, Wall/under bench oven, Cooktop, Dishwasher, Smoke detector(s), Heated towel rail(s), Bathroom Extractor Fan, Water Pump, W.M. Taps, Wooden windows currently stored in stables for planned renovation.
Other Features: Homestead also has: office, large lounge, formal and informal dining areas, master with walk-in wardrobe and separate access to bathroom. Native timber throughout. 2 additional dwellings - 3 bedroom/1bathroom home with a single garage and one bedroom unit, fully self-contained. Exquisite established cottage gardens, tennis court, multiple outbuildings including 4 stables + tack room, 2 x chook houses, dog kennels, orchard.
Building Name:
Effective Area: Predominantly medium-steep hill country
Land Use: Sheep and beef grazing, calf rearing
Roof: Homestead re-roofed with coloursteel in last 7 years.
Improvements - Buildings etc.: 4-stand woolshed with night pen and covered yards, 6-bay implement shed with 1 enclosed, loading race. Stables - 4 boxes plus tackroom.
R.V. Date: 09/2023
District Council: Tararua
District Council Rates: $2,837 (2024/2025)
Regional Council: Horizons
Regional Council Rates: $659 (2024/2025)
Exterior Cladding: Weatherboard
Exterior Joinery: Wooden with some aluminium
Internal Walls: Plaster board
Livestock/Tree/Varieties: 200 ewes and lambs, 10 cattle. 30 calves reared 2024 (more in previous years)
Nearest Town: Woodville, Pahiatua, Palmerston North, Dannevirke
Interior Ceiling: Mainly rimu, some plaster board
Exterior Style: Villa
Exterior Piles/Flooring: Rimu piles