The best kind of investment is one where returns are virtually guaranteed. With 7 bedrooms, this 2-storey Californian bungalow in a highly rentable, walk-to-everywhere location, is the perfect investment property. Buy it yourself and let your flatmates help pay off the mortgage, or maybe buy it with a friend to jump start your respective portfolios. (Current Rental Appraisal $1,550 - $1,650/wk).

A clean white finish throughout including traditional bungalow features, a modern kitchen and 2 up-to-date bathrooms make this an appealing home for flatmates, extended family, or maybe work from home. The 172 m2 floor layout comprises 3 bedrooms, bathroom and living upstairs with 4 bedrooms, bathroom and living downstairs which opens to a good sized lawn and garden, big enough for backyard cricket. All are doubles, and, all are nicely appointed. An extra advantage is the separate entrance for downstairs. A deck off the upstairs living overlooks the terraced garden, ideal for Sunday afternoon barbeques.

The location is fantastic for those working in the city and west city fringe. Walk to Ponsonby Rd, K Rd, the CBD, or take the Haslett Street footbridge at the end of the street to Kingsland and Eden Terrace or use the cycleway in either direction. Public transport is also a breeze from here.

There is scope to improve further and maximise your return. As a home, or as part of your investment portfolio .. this property is a winner.