THE UPSIDE. This is a home and income on its own freehold site of over 1100 square metres just over 100 metres away from Waiake Beach (there is a private walkway straight to the beach just over the fence). The combined rental potential from both rents is around $1000 per week. THE DOWN. In 1995 the current owner elected to put a 4th bedroom on the then existing house and then add a minor dwelling as well. Although the building work completed was compliant with the building code of the day, thinking this was enough he didn't bother to get, what was new at the time, a CCC. To add to the "challenge" all the new work was clad in plaster. THE ANSWER. Well in simple terms it needs to be reclad and compliant with the current building code. BACK TO THE UP. In the previous year, excluding cliff top, there have been numerous sales in the immediate area well exceeding a million dollars. Once the work was completed this Home & Income would be worth a lot of money. Because there are 2 dwellings one could still be generating an income while work was being done on the other. The owners want it gone and are extremely realistic in their assessment of value.