In a tightly held pocket of Orakei, 2 Paerimu Street presents a proposition that is as compelling as its superb location. For developers, land-bankers, investors and those looking at creating generational wealth, this is a premium slice of Orakei with genuine upside. Live in it now, rent it out, or explore the options for something truly spectacular on the freehold site.

Behind its charming 1940s facade sits a beautifully reovated with care and attention to detail, single-level bungalow - warm, glowing and immediately enjoyable. Having been fully insulated, re-jibbed throughout, re-wired and re-plumbed this is not your average ex-state bungalow. It is something quiet exceptional. A home you could quiet comfortably move in and start enjoying straight away. Vibrant native timber floors run underfoot. A Kent-style wood burner anchors the open plan living and dining domain, while a fully ducted heat pump system ensures year-round comfort. The kitchen is sleek and contemporary, finished with European appliances and designed for effortless entertaining. Bifold doors open wide to an expansive north-facing deck - overlooking an exceptionally generous, near-level backyard. The site is rectangular, freehold and spans approximately 827sqm. SItes of this scale in this location no longer become available - this could be the last. Two well-proportioned bedrooms are serviced by a thoughtfully appointed bathroom, with the laundry cleverly concealed behind bifolds. Healthy Homes compliant, with single garage accommodation, the home offers both immediate liveability and holding appeal including those for those looking to add to their portfolio. Zoned Mixed Housing Urban with a north facing aspect, the is also the potential for harbour views once you explore height restrictions if you are in planning mode. Positioned moments from the waterfront, the beaches and the village amenities that define Orakei's enduring desirability. An increasingly finite opportunity, in an always popular area - this is not one to let pass by without thorough discovery of what can be achieved.

Your earliest inspection is strongly advised.

• Fee simple title • Floor Area: 79m² (approx.) • Land Area: 827m² more or less • Council Rates: $6,625.45 p/a (2025/26) • CV: $2,375,000 (2024) • School Zones: Orakei School, St Joesphs School, Selwyn College, Baradene College • Residential - Mixed Housing Urban Zone • Rental Appraisal: $800 per week

Mike welcomes all conjunctionals from all agencys.

*There is vertual staging in some images.