Unlock the potential of this outstanding property offering a remarkable yield of 6%+. Nestled on a spacious 948 sqm (approx) section, this property features two separate units and presents a multitude of possibilities for the astute buyer. Conveniently located within a mere six-minute drive to essential amenities such as the hospital, City Centre, schools, and industrial areas, this property is a prime investment opportunity. With two existing dwellings, both generating attractive income streams, you can start reaping the rewards from day one. The expansive site area also opens up long-term prospects for savvy investors. With the potential to subdivide, subject to council consent, and a minimum subdivision size of 350m2 (approx), you have the opportunity to maximize the zoning and explore further development options. Unit One offers single-level living with two bedrooms, a well-appointed bathroom, open-plan living and kitchen spaces, and a versatile laundry/utility room. Meanwhile, Unit Two boasts an open-plan lounge and dining area that seamlessly flows into the kitchen, two spacious double bedrooms with brand-new carpeting, and a separate laundry. Together, these units command a combined rent of $880.00 per week. Palmerston North currently ranks as one of the highest-yield rental markets in the country, making this property an attractive addition to any investment portfolio. A convenient shed in the backyard provides essential storage for garden maintenance equipment. Each unit comes with its dedicated carport, and there's ample space to allocate additional parking as needed. Whether you're looking to expand your investment portfolio or explore various living arrangements, this property offers multiple opportunities to suit your needs. Don't miss this chance to secure a high-yield property with substantial potential for future growth. Contact us today for further information and to seize this exceptional opportunity!

Buyers $699,000+

Privately set back from the road, this contemporary 2020-built home combines smart living with everyday ease. From its thoughtful layout to its energy-efficient features, everything here has been designed to make life simpler and more comfortable - whether you're starting out, scaling down, or seeking a savvy investment. Step through the front door and into light-filled, open-plan living where the kitchen takes centre stage with clean lines and modern finishes. Comfort is guaranteed year-round with double glazing, two heat pumps, and cost-cutting solar panels that bring long-term savings. The master suite is your personal retreat, complete with its own ensuite and walk-in wardrobe. Two more generous bedrooms offer plenty of flexibility - ideal for kids, guests, or your work-from-home setup. Outside, the low-maintenance section means less upkeep and more weekend freedom, while the oversized double garage offers both storage and security in spades. Takaro is a suburb on the rise, with new homes being built nearby with the pathways to home ownership program. This brings fresh energy and a stronger sense of community - adding real value now and into the future. For investors, the numbers stack up too. In the current rental market, this property is expected to achieve between $670 and $700 per week, making it a solid addition to any portfolio or a smart option for future flexibility. Close to shops, schools, and public transport, this is Takaro living with a modern twist. The property is move-in ready and must be sold - so don't wait. Get in touch today and see it for yourself.

$719,000

If you're looking for a home with great bones, plenty of space, and room to truly make your mark, this is the one! Set on a huge, private section, this four-bedroom, two-bathroom home with two generous living spaces and internal access garage is just waiting for a fresh new chapter and the right person to bring it to life...there's even a wine cellar tucked away - perfect for storing your favourite drop or celebrating your renovation milestones! Yes, it's ready for some TLC, but that's where the magic happens. Grab your tools, call your tradie mates and watch the transformation unfold.

Tender 09 July 2025