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118 Mokoia Road, Chatswood, North Shore City

Auction, 28 Nov 2024 16:00

190m²

830m²

Character Villa | THAB Zone Development

Discover a rare opportunity in the heart of Chatswood. This character-filled villa, situated on a flat 830 sqm (approx.) freehold site (with an additional 170sqm driveway), offers multiple avenues for homebuyers, developers, and investors alike. Zoned for Terrace Housing and Apartments (THAB), the property presents exciting development potential while currently generating a strong short-stay rental income.

Villa Features:

* High stud ceilings and generously proportioned, period-style rooms.

* Expansive open-plan living and dining area with freestanding log burner.

* Retro-style kitchen with tiled floors and benchtops.

* Two separate living rooms and four double bedrooms, served by two bathrooms and a large separate laundry.

* Off-street parking for up to five vehicles at the rear including the Double garage.

Development and Investment Features:

* Generates over $100,000 p.a. from Airbnb/short-stay rentals

* Flat 830 sqm site zoned THAB with prime development potential

* Concept plans available for 10 townhouses, and explore a possible 24-studio apartment design.

* Option to retain the villa and build three terrace homes to the front yard (concept plans available) with nearby access to services

* Minimal earthworks and retaining required for future builds

* 170 sqm legal Right of Way (ROW) driveway (On top of the 830sqm site).

* Potential for 360-degree views if building up.

This property offers incredible flexibility-whether you're looking to develop, invest, or renovate a charming villa. Situated just 8 km from the CBD, with a kerbside bus stop and easy walking access to local cafes, supermarkets, and essential amenities, the location is unbeatable. Enjoy being close to Chelsea Park, Chelsea Bay, and the vibrant Birkenhead village precinct. With great options and a prime location, this property is a rare opportunity not to be missed.

Additional details

Type

House

Property ID

ORK31245

Listed on

18/10/2024

Updated

4 hours ago

Open Homes10

Sun, 20 Oct

02:30PM - 03:00PM

Thu, 24 Oct

04:40PM - 05:10PM

Wed, 30 Oct

05:30PM - 06:00PM

Sun, 3 Nov

02:30PM - 03:00PM

Sun, 10 Nov

02:30PM - 03:00PM

Thu, 14 Nov

01:00PM - 01:30PM

Thu, 21 Nov

05:30PM - 06:00PM

Sat, 23 Nov

02:30PM - 03:00PM

Sun, 24 Nov

02:30PM - 03:00PM

Wed, 27 Nov

05:30PM - 06:00PM

Auction1

Thu, 28 Nov

04:00PM

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Property data

Broadband available

Floor area

189m²

Land area

830m²

Unitary Plan

Zone 8 Residential - Terrace Housing and Apartment Building Zone

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Flooring

Total estimated cost is flooring

$10,966.80

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

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Chatswood, North Shore City

Chatswood is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Chatswood is the 130th largest suburb of Auckland in terms of the total number of residential housing stock. Chatswood provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Chatswood is made up of approximately 97% residential housing and 3% residential investment housing properties.

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