Resource-Consented Development

Listed 15 Oct
15 North Street, City Centre, Palmerston North, Manawatu / Whanganui
Price by negotiation
Details
- Floor Area
- 137m²
- Land area
- 505m²
- Toilets
- 1
- Broadband
- ADSL, Fibre, Satellite, Wireless


Resource-Consented Development
This 505m² (approx.) site comes with fully resource-consented, architecturally designed plans for 5x modern two-bedroom, two-storey townhouses. The design is smart, stylish, and ready to meet demand for quality housing close to the city.
Whether your vision is to build and sell for profit or to create a strong rental portfolio, the hard work of planning has already been done for you. The location adds even more appeal: close to the city center, Palmerston North Boys’ High School, and just around the corner from local conveniences and eateries.
Key features:
- 505m² site with existing house
- Resource-consented for 5x architecturally designed townhouses
- Each townhouse approx. 72m², 2 bedrooms, 2 storeys
- Prime position close to city centre and Boys’ High
- Easy access to shops, cafes, and amenities
- Rare opportunity to step straight into a consented project
- Ideal for developers, investors, or builders
Enquire today to receive the full information pack, including:
- Valuation letter from registered valuer for indication of end value of each townhouse once built
- Three independent rental assessments
- Breakdown of likely cost to complete the project
- All resource-consented plans
Opportunities like this are tightly held and rarely available. With demand for modern townhouses strong in central Palmerston North, this is your chance to take a consented vision and bring it to life.

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Local Schools
- RUSSELL STREET SCHOOLRussell StreetRoll: 334
- PALMERSTON NORTH BOYS' HIGH SCHOOLFeatherston StreetRoll: 1794
- CENTRAL NORMAL SCHOOL201 Featherston StreetRoll: 485
- ROSS INTERMEDIATE25 Freyberg StreetRoll: 444
- CORNERSTONE CHRISTIAN SCHOOL119 Mihaere DriveRoll: 612
- BESTSTART RUSSELL STREET14 Russell StreetRoll: 78
- INSPIRING MINDS MONTESSORI PRE-SCHOOL11 Matipo StreetRoll: 32
- QUEEN ELIZABETH COLLEGERangitikei StreetRoll: 408
- KINDERCARE LEARNING CENTRES - PALMERSTON NORTH321 Featherston StreetRoll: 97
- ST PETER'S COLLEGE (PALMERSTON NORTH)Holdsworth AvenueRoll: 789
- BESTSTART PALMERSTON NORTH 123 Ngata StreetRoll: 76
- LEARN A LOT KINDY KIDZ22 Ngata StreetRoll: 55
- MANA TAMARIKI165 Grey StreetRoll: 70
- MILSON SCHOOLRutland PlaceRoll: 341
- ST MARY'S SCHOOL (P NORTH)69A Ruahine StreetRoll: 222
- CARNCOT INDEPENDENT SCHOOL263 Broadway AvenueRoll: 128
- WHAKATIPURIA TEEN PARENT UNITFreyberg Street
- TERRACE END SCHOOL201 Ruahine StreetRoll: 222
- FREYBERG HIGH SCHOOLFreyberg StreetRoll: 936
- PALMERSTON NORTH INTERMEDIATE56 Linton StreetRoll: 751
Location info
Tour the property
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Property insights
HomesEstimate
- Updated
- October 15, 2026
- Estimated value
- $345K - $370K
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- September 1, 2024
- Capital value
- $355,000
- Land value
- $345,000
- Improvement value
- $10,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 345K - 370K
- Suburb median
- City Centre: 595K


