Looking for rental investment or a home with renovation upside? Here's one you must see, elevated for sun and superb views over Port Nelson to Tasman Bay and peacefully located close to town.

This late 1940s home with rimu floors and high ceilings occupies a large (1012sqm) north-facing section, elevated on Cleveland Terrace. The house is stucco-clad, with a Decramastic roof.

It provides steady income from a long-term tenant, and the potential to add value with updates when you are ready.

Two bedrooms, and large sunny living spaces open to a deck where you can find tranquil space to enjoy barbecues with friends.

You'll love the birdsong and peacefulness of this friendly neighbourhood setting, and with views out to the Centre of New Zealand and across the expanse of the Bay.

The house is nestled into a sloping section with lawn and mature trees. Walk or bike into town, or head for Maitai Valley walks, the golf course and summer-time river swims.

The house has a massive basement with high ceiling space, a place for workshop and storage, or potentially redeveloping.

There's under-floor insulation and the home is warmed by a heat pump and a modern, two-chamber log burner. Water heating is electric.

Living space is appealing with a large living room, separate dining area adjoining the kitchen and a delightful, snug sunroom behind French doors.

The master bedroom has built-in wardrobes and boasts more wonderful vistas of sea and towards the Maitai Valley.

A second bedroom is a roomy double, with a single wardrobe.

The home has a bathroom plus separate toilet and a traditional laundry off the back porch.

Cooks will enjoy peaceful views from the kitchen.

The home is ready to be enjoyed as is (with a valued tenant keen to stay), although it will benefit from updates and refurbishment.

There are older twin garages on the street level, with access otherwise via a path up to the house.

For a copy of our comprehensive information booklet or to arrange a private viewing, contact Nina James.