264 Park Road, Hokowhitu, Palmerston North, Manawatu / Whanganui

Two homes. Two income streams. One serious investment opportunity. Investors, this one deserves your attention.

The out-of-town owner has changed their plans and wants this property sold. With two completely independent dwellings on one title and the potential to generate around $1,000 per week in combined rental income, 264 Park Road offers a compelling opportunity to add serious versatility and income potential to your portfolio.

The four-bedroom main home is currently rented for $650 per week, with the existing tenants keen to stay. The separate one-bedroom dwelling at the rear has previously achieved $400 per week and is currently vacant, giving you the opportunity to secure a new tenant and potentially take the combined rental income to approximately $1,050 per week.

That's two tenants, two dwellings and multiple income streams from one property.

The main residence provides four bedrooms, including a master with ensuite, a modernised kitchen, family bathroom, separate toilet and 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. Both homes have their own entrances and separate parking, while separate power and gas allow each dwelling to operate independently - A significant advantage when it comes to managing separate tenancies.

And then there's the location. Hokowhitu remains one of Palmerston North's most sought-after rental locations, close to Massey University, quality schools, river pathways, The Esplanade, Hokowhitu Village and the CBD. All key drivers of tenant demand.

The numbers stack up: 4-bedroom home: $650 per week currently rented 1-bedroom home: Previously $400 per week Potential combined income = approximately $1,050 per week

Whether you're an experienced investor looking for another high-performing asset, a first-time investor wanting multiple income streams, or you're looking for a home-and-income proposition, this property deserves serious consideration. The owner has relocated; the instructions are clear - this property needs to be SOLD.

Don't wait for someone else to recognise the opportunity first.

Contact Aleisha today for further information or to arrange your private viewing.