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Auction
Bedrooms
3
Bathrooms
2
Floor Area
120 sq m
Land
1601 sq m
Auction details
Auction to be held On SiteThursday, August 28th, 20254:00 pm
Auctioneer
Robert Tulp
Unlock the potential of one of Old Riverhead’s most desirable positions. 51 Kent Terrace offers a unique chance for developers, builders and investors to secure a 1,601 sq m (more or less) flat, north-facing site with absolute river frontage and no covenants - a rarity in this fast-growing and tightly held location. Zoned residential and tucked at the end of a quiet cul-de-sac, the land enjoys direct access to the Rangitopuni River, with a jetty in place (note: jetty requires attention). Mature trees and a private, river outlook enhance the appeal for future buyers seeking lifestyle with convenience. The existing dwelling - offered ‘as is, where is’ - includes three bedrooms, two bathrooms with a self-contained studio. It offers holding income potential while planning or consent is underway. For developers, the value proposition is clear: recent new-build sales nearby have set strong benchmarks in this suburb, confirming buyer demand and future resale confidence. With no restrictive covenants, the scope here is significant - build one or more new homes (subject to council approval), subdivide, or landbank with strong capital growth prospects or simply enjoy as a holiday bach, this is a community and location that continues to grow in popularity for good reason. Located just minutes from Riverhead School, cafes, village shops and motorway access, this property combines location, lifestyle, and development potential in one exceptional offering. Auction: 4:00 p.m. Thursday 28 August 2025 On-Site (Unless Sold Prior)....
Property ID
NLA00767
Bedrooms
3
Bathrooms
2
Floor Area
120 sq m
Land
1601 sq m
Parking
2x Garages