111B Grafton Road, Thames, Thames-Coromandel

Add value and reap the rewards - Opportunity

With a combined five bedrooms, two living areas and two bathrooms, there's ample space here for large families or multi-generational living. Having been tenanted for many years, the home shows signs of wear and would benefit from interior redecoration. For buyers with vision (and energy) this is a chance to cost effectively upgrade and add value.

Tucked away down a long, shared driveway, this privately positioned property offers a rare combination of space, flexibility, and serious value-add potential. Set on a generous 1850sqm (more or less) contoured section in a peaceful, bush-clad gully, you'll enjoy water and sunset views from the covered deck along with a sense of seclusion, while still being just minutes from Thames township.

This character-filled older bungalow spans two levels and presents a versatile layout ideal for extended families or investors ready to roll up their sleeves. Upstairs the three-bedroom home is available for immediate occupation. Downstairs the two-bedroom accommodation is currently tenanted on a periodic basis providing steady income from day one. While downstairs development is fully consented as to structure, it is not consented as a self-contained tenancy.

While comfortable and liveable overall, the interior would benefit from cosmetic updating and a degree of modernisation - giving you the perfect blank canvas to refresh, redesign, and add value.

Key Features:
• 1850sqm (more or less) private, bush-surrounded section
• Peaceful gully setting with a natural outlook
• West-facing water views from covered deck
• Home and income potential
• Scope to add value through cosmetic upgrades
• Affordable entry point into Thames real estate
Whether you're an investor, renovator, or a buyer looking to create your ideal family home, this property offers the space, structure, and location - with the upside firmly in your hands.
Unlock the potential and transform this hidden gem into something special.