Discover Masterton. We call it home too. For all things real estate, think PB.

Savvy investors, take note! Perfectly positioned close to Masterton's shops, rail, and amenities, this versatile property offers an exceptional opportunity with two self-contained flats on one title - delivering a strong rental return and future potential. The home has been smartly divided into a one-bedroom flat and a two-bedroom flat, each with its own kitchen, living area and bathroom. Both are tidy, well-maintained, and attract reliable tenants. For investors, this is a proven dual-income performer with potential to further enhance returns. For families, the configuration offers independence and connection - ideal for accommodating parents, adult children, or guests while maintaining privacy. Whether you're looking to add to your portfolio, live in one and rent the other, or explore future redevelopment options, this property offers flexibility and financial rewards. This is an ideal low-risk, high-return investment in the heart of Wairarapa. Key features: • Two separate flats (1-bedroom + 2-bedroom) • Excellent rental income and occupancy history • Walking distance to Masterton shops, rail, and schools • Strong investment with potential to enhance further • First home buyer with opportunity to utilise additional income A solid performer in a sought-after location - properties like this don't last long!

Tender 20 November 2025

Could this be your next rental property? Confirm all viewing times at: pb.co.nz on your device and click on the "Book a viewing" link! Please do not enter the property outside of the set viewing times. 3 bedroom home close to town, as new inside, Outside booked for its paint job, close hospital and Schools - Three double bedrooms - large new kitchen diner with dishwasher - Open plan living warmed by a heat pump - Insulation compliant - Bathroom with shower over and vanity - Separate laundry - single garage ( no front door) - Lawns and gardens maintained by the tenant - Cats only Available now on a periodic tenancy from the 17/10/2025 Rent: $550.00, Bond: $2,200.00 – Total in-going amount: $2,750.00 BP

$550 Per Week

Located an easy 20 minute drive from Masterton and only 25 minutes from the rugged Wairarapa coastline, this 291 ha farm offers the best of both worlds - convenience to town with easy access of the Wairarapa coast. This property is perfectly situated in a sought-after rural district for a wide range of farming operations, making it a versatile asset for both traditional livestock farming and potential diversification. The property's key strengths lie in its balance of strong infrastructure, practical contour, and quality housing. The property is well laid out, complete with a metaled central laneway providing excellent access across the farm. This feature not only enhances the property it also significantly improves stock management. The contour is a mix of flat, rolling and medium hill, making it suitable for cattle, sheep, calf rearing and livestock finishing. The soil types and topography combine to support good levels of feed crops and pasture growth, offering year-round productivity. Supporting the productive capacity of this property, is a solid array of farm infrastructure. Well-fenced paddocks are complemented by good-quality stock handling facilities, making day-to-day operations efficient and low-stress. Multiple water sources and reticulated systems ensure reliability, with troughs distributed throughout the property. A good-sized set of covered sheep yards, woolshed, and machinery sheds round out the infrastructure package allowing any new owner to hit the ground running.

Auction 18 November 2025