If high returns and a prime location are on your checklist, 15 Raewyn Street is an unmissable opportunity. A solid multi-income property with a four-bedroom home and three self-contained flats, this is a high-yield asset that delivers impressive rental income of $114,400 per annum.

Main Home:
Rents for $870 per week.
Four bedrooms split over two levels.
Separate downstairs access, perfect for extended family.
Sun-soaked deck with elevated city views.
Dedicated off-street parking and carports.

Three Self-Contained Flats:
Two x two-bedroom units renting for $450 and $430 each per week.
One x one-bedroom unit renting for $450 per week.
Long-term tenants in place, ensuring steady cash flow.

Financial Highlights:
Main home rents for $870 per week
Total weekly rental income: $2,200.
Total annual rental income: $114,400.
Estimated gross yield: Approx. 8.17% (at a purchase price of $1,400,000).

Development Potential:
Generous land size with subdivision potential.

Positioned in Whangarei’s growth corridor, this property is just minutes from Okara Shopping Centre, Northland Events Centre, and Whangarei CBD. A short stroll to Morningside Primary School, parks, and public transport further enhances its appeal for tenants and owner-occupiers alike.

Multi-dwelling investment opportunities like this are rare, and demand is high. Investors looking for a strong, stable return or families wanting to live in a spacious home while generating rental income will find everything they need here. The opportunities are endless.

Serious vendors are prepared to meet the market. Don’t let this one slip away – get in touch today for further details or to arrange a viewing.

Auction: Auckland CBD & Online, 27th March 2025, 12:00pm (unless sold prior)

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