Palmerston North

5 Bedrooms3 Bathrooms3 GaragesID BU204029

Smart investment with strong returns

Returning a solid $1,060 per week ($1,000 from the house + $60 from the separately rented garage), this well located property offers excellent cashflow and long-term potential. Positioned centrally between the CBD and Terrace End, this spacious 240m2 (more or less) brick and aluminium home sits on a generous 1180m2 (more or less) section - zoned for both convenience and future opportunity. The layout is ideal for tenants or multi-generational living, featuring four spacious bedrooms, generous living, two bathrooms, three toilets, plus a separate studio with additional bathroom. Modern kitchen, quality flooring, expansive living areas, wood burner plus is Healthy Homes compliant. Additional highlights include a internal access double garage, plus a separate single garage currently generating extra income. Set well back from the road, the property offers privacy while remaining just a short stroll to shops, schools, and parks. Whether you're looking for a family home or to grow your portfolio, explore future development (subject to consent), or simply secure a high-yielding rental in a prime spot - this is a smart investment with upside.
CHATTELS  Auto Garage Door Opener and Remote x1   |   Ceiling Fans x1   |   Clothesline   |   Dishwasher   |   Drapes   |   Extractor Fan x3   |   Fixed Floor Coverings   |   Garden Shed   |   Heated Towel Rail x1   |   Letterbox   |   Light Fittings   |   Mirrors (Bathroom)   |   Security Lighting   |   Smoke Detectors x6   |   Fridge x2   |   Electric Stove - Built in   |   Hob/cooktop - Electric
Features
Area | 240.00m2Land | 1180 m2Rates | $4703.87paRegional rates | $753.32paLV | $605,000RV | $755,000
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