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264 Park Road, Hokowhitu, Palmerston North City

Two homes. Two income streams. One serious investment opportunity.

dollar

Negotiation

House
Home & income
Bedroom
5
Bathroom
3
Floor area
218m2
Land area
675m2
Garage
2
Ensuite
1 ensuite
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Property details

Listing # PN25655 | Listed on 11 August

Investors, home-and-income buyers and extended families - this one deserves your attention.

264 Park Road offers a compelling opportunity to add serious versatility and income potential to your portfolio. Located in sought-after Hokowhitu, 264 Park Road offers something truly unique: two independent dwellings on one title, with the potential to generate approximately $1,050 per week in combined rental income.

The main residence provides four bedrooms, including a master with ensuite, a modernised kitchen/dining space, spacious living, family bathroom, separate toilet, and a built-in laundry. It is a practical, well-configured home with established rental appeal.

The fully updated rear dwelling is an impressive addition, offering one bedroom, bathroom, walk-in wardrobe, open-plan kitchen and living, covered porch and private courtyard. The double garage at the rear of the property includes a separate toilet and laundry space, ideally suited to the one-bedroom dwelling.

Privacy and independence are key features here. Separate entrances, individual parking and separate power and gas connections provide flexibility for managing two households,

The location is hard to beat. Hokowhitu is tightly held for good reason, with Hokowhitu Village, Massey University, river pathways, The Esplanade, The Lagoon and the City Centre close by and zoned for some of Palmerston North's most highly regarded schools - including College Street Normal School, Palmerston North Girls' High School, Palmerston North Boys' High School and Palmerston North Intermediate. All key drivers of tenant demand.

The two homes are currently tenanted, and they would like to stay.

Whether you're looking to expand your investment portfolio, secure a home-and-income opportunity, or find a solution to for multigenerational living, 264 Park Road offers the flexibility to make it work for you. With two independent dwellings on the one title, the options are yours - Generate rental income, accommodate extended family, or enjoy the best of both worlds. A versatile property with multiple opportunities.

The owner is ready to move on, and the instructions are clear - this property is to be sold.

Viewings By Appointment Only - Contact Aleisha Bradley today to book in your private viewing - 027 462 9852.

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Additional features

Other park
4 other parks
Water closet
4 Separate toilets
Rates
Rates: $7,546.48 per annum
Other Features: Dishwasher x2,Bathroom Extractor Fan x3,Heated Towel Rail x3,Rangehood x2,Heat Pump x3

Fibre availability

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Fibre availability

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Great news! It appears this address has a fibre box (ONT) installed, so connecting to fibre should be easy. Find out how to get fibre sorted before you move house.
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Fibre
Starter

Installed

Fibre Starter 100
100/20
mbps

from
$60
per month

Fibre
500

Installed

Fibre 500
500/100
mbps

from
$89
per month

Fibre
Max

Installed

Fibre Max
900/500
mbps

from
$99
per month

Hyperfibre
2000


Hyperfibre 2000
2000/2000
mbps

from
$149
per month

Hyperfibre
4000


Hyperfibre 4000
4000/4000
mbps

from
$179
per month

Hyperfibre
8000


Hyperfibre 8000
8000/8000
mbps

from
$260
per month

Wanting to order fibre broadband before you move house?

Head to broadbandcompare.co.nz to view fibre broadband options available at this address and get connected before you move.
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