Featured Property

11 South Island homes for sale that could also make you money

Article by Property Press

Top up your bank balance! Here’s our choice of properties in the South Island for sale right now that offer the opportunity to earn you some extra cash

Accommodation options such as Air BnB have made it easier than ever for owners turn their houses into income earners.

Whether you decide to rent out space full-time to a tenant or explore the options of more casual arrangements with holidaymakers and visitors, having a self-contained little earner on your property can be a real bonus.

Here’s our pick of places in the South Island that offer a top up to your bank balance.


1. Room to expand

You’ll be captivated by the views enjoyed from this expansive house in Nelson that offers huge flexibility. You can configure the two-storeys to suit your needs and there’s plenty of options to rent out accommodation on the lower level.

Upstairs the generous living spaces that open onto a north-facing deck are perfect for multi- family use and entertaining.

A fully fenced pool with decking for lounging and plenty of parking complete this special package.


2. Dream home

Pretty as a picture the charming façade of this Nelson beauty reflects its 1869 pedigree. However the light and airy kitchen and living spaces and separate two-bedroom flat place it firmly in sync with modern lifestyles.

You’ll be wowed as soon as you enter the grand foyer with its high stud and wooden staircase and the scale of the rooms and deep verandahs offer an elegant backdrop to family life.

The bonus of the extra income from the flat will make this dream home more achievable.


  3. Holiday haven

Enjoy wonderful holidays looking out over beautiful Waikawa Bay from your deck and subsidise all the fun with income from the two-bedroom flat on the lower level.

This Waikawa property is the perfect place to make special family memories with the stunning vistas, closeness to the nearby beach and proximity to the jetty and boat ramp.

There’s nothing to be done inside except move in and the large site offers plenty of options for future plans.


4. Little earner

What a cutie! This two-bedroom cottage in Rapaura is ideal for those wanting a lock up and leave home in the middle of Marlborough’s wine country that will earn its keep while you’re away.

The estate offers great facilities — pool, tennis court, petanque court, playground and even a vegie garden — with all the maintenance hassles taken care of.

Enjoy idyllic time out and then rent to visting wine buffs while you’re back at work.


5. Calling all snow bunnies

Here’s something completely different — you can enjoy this lovely two-bedroom home in Methven for 90 days a year and then rent it out the rest of the time.

The fresh living areas and two bedrooms with ensuites offer top-of-the range accommodation and most of the furniture is included in the price.

Check out the conditions on Mt Hutt ski field from your verandah before you hit the slopes. This cottage is a cracker!


6. The good life

You’ll feel like lord of the manor surveying your estate when you look out from the spacious living room over the ponds and manicured lawns to the fields beyond.

This Rangiora home really encapsulates living on a grand scale and has all the bells and whistles you could want for easy living. It also has the bonus of a fully self-contained flat, perfect for Air BnB.

Relax in the covered spa pool area in front of a roaring fire with a glass of wine while you congratulate yourself on getting a slice of the good life.


7. Full of character

You’ll love all the original features that have been retained in the renovation of this two-storey Dunedin bungalow — leadlights, feature windows, wood panelling and decorative ceilings — but you’ll probably like the income from the separate studio apartment downstairs even better.

This light-filled character home has arresting views over the valley to the sea and is in a great location for busy families.


8. Wanaka lifestyle

The separate self-contained studio on this property will help you to enjoy all the pluses of a Wanaka lifestyle.

The three-bedroom main home has all the space and amenities you need and living areas open to a sunny deck and level section for games and entertaining.

Bike and walking trails and the lake are nearby making this a great chance to secure a special lifestyle.


9. Added extras

Wow, what’s not to like about this upmarket Wanaka residence which has the ambience of a luxury lodge? The immaculate fit-out of this home is all about creating an atmosphere of relaxation and pampering.

The landscaped grounds surrounding the house add an air of tranquility and home owners can enjoy all the resident facilities of Far Horizon Park, such as pool, spa, gym and tennis courts.

On top of all that there’s the added extra of a self-contained two-bedroom apartment.


10. Family favourite

Revel in the views of the beautiful surrounding countryside over  the Takitimu Ranges from the deck of this rural idyll in Te Anau while you watch the kids ride their pony.

Four bedrooms and spacious living areas provide plenty of space for all the family, and there’s a three-bay shed to keep dad happy.

Extra income from the separate self-contained studio with patio will help to pay for that dream lifestyle.


11. Quirky gem

You’ll be captivated by the quirky features of this three-storey wooden gem in Invercargill that’s so close to the coast.

High stud timber beams and panelling lend lots of character and there’s lots of living space and five bedrooms offering plenty of flexible options for family life.

And then there’s the separate studio with freshly renovated bathroom and kitchen facilities, perfect for an income top up.


Words by: Sarah Beresford.

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