Entire street for sale in South Island's Westport

The 10 houses for sale in Westport.
The 10 houses for sale in Westport. Photo credit: JLL Real Estate

While many Kiwis dream of owning their own home one day, a lucky buyer could buy a whole street after all the homes on one Westport road went up for sale.

Chris Harding of JLL Real Estate listed the 10 concrete and brick homes on Larsen Street up for sale in April.

The houses were built in the 1960s for employees of the local Cape Foulwind Cement Works which closed in 2016.

Now they are back on the market as a package deal.

"They have been used by workers demolishing the cement works, but they will all be gone by tomorrow," Harding told Stuff.

"The property, which includes some very special land with great sites for new houses, is on one title, but it can be subdivided. Part of the work on that has already been done."

Each house is 120 square metres each, comes with three bedrooms and will be unoccupied from Wednesday. They also have beach access.

They are also located on the Kawatiri Coastal Trail, a $9.3m development that will be developed over the next two years and open in the middle of 2021.

"Several iconic attractions so close include a seal colony, lighthouse walkway to Tauranga Bay, the Star Tavern and a number of small beaches that have stunning land formations. If you have an eye to the future this is a great investment," the listing says.

Harding says the 7.3-hectare block of land has lots of possibilities from campgrounds, to rental investment or a business opportunity.

"In terms of working out the value of the property, you can look at the yield.

"The RV is $1.55 million, but that doesn't appear to take into account the spare land for building. We think the price is going to be somewhere around the $2 million mark."

The listing estimates each of the houses could get $280-$300 weekly rent.

The homes are currently for sale by negotiation.

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