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Affordable Leasehold opportunity

Bayleys Whanganui, (Licensed: REAA 2008)

Listed 4 Sep

22 Polson Street, Castlecliff, Whanganui, Manawatu / Whanganui

Enquiries over $100,000

Bed3
Bath1
Parking1
Land area983m²
Floor area90m²

Details

3 bedrooms
1 bathroom
1 lounge
1 garage park
House
Floor Area
90m²
Land area
983m²
Parking
1 car garaging
Broadband
ADSL, Fibre, Satellite, VDSL, Wireless
Capital value (CV)
$365,000
Property interior
Property interior

Affordable Leasehold opportunity

Whether you're searching for a place to call home, an investment opportunity or a rare value offer to downsize into 22 Polson Street is well worth considering.

Leasehold tenure can provide an opportunity to secure a home at a more affordable entry point than comparable freehold properties. Investors will also appreciate the potential returns on offer here.

Offering a 1950's three-bedroom home with native wooden flooring and one family bathroom.

Set on a generous 983sqm (more or less) section, there is plenty of space to enjoy outdoors, whether that means room for the kids and pets, gardens, entertaining or simply a little more breathing room around you.

Lundon Park is just 230 metres away, where children and pets can enjoy the grounds as well as Castlecliff school which is positioned directly across the road from the property.

The nearby expansive coastline of Castlecliff beach and the Whanganui River mouth offer plenty of opportunity for walking, fishing, surfing or simply enjoying life by the sea.

Please note: 22 Polson Street is a leasehold property, with ground rent of $13,000 + GST (if any) per annum fixed until February 2043. We encourage prospective purchasers to seek independent legal advice to ensure they fully understand the leasehold tenure and its terms.

The property will be sold without vendor warranties on an as is where is basis.

Agent

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Days on site

22 Polson Street has been viewed 4,823 times since it was first listed on 4 September. There are 119 people keeping an eye on it.

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Local Schools

  • WHANGANUI COLLEGIATE SCHOOL132 Liverpool StreetRoll: 371
  • CASTLECLIFF SCHOOLPolson StreetRoll: 163
  • TKKM O TUPOHO18 Cross StreetRoll: 179
  • MARIE MCFARLAND KINDERGARTEN40B Cornfoot StreetRoll: 28
  • TE HETI TE KOHANGA REO46 Hinau StreetRoll: 67
  • TE KURA O KOKOHUIA36 Matipo StreetRoll: 230
  • TE KŌHANGA REO O TE REO IRIRANGI6 Rangiora StreetRoll: 15
  • BARSANTI KINDERGARTEN19 Rogers StreetRoll: 26
  • ARANUI SCHOOL (WANGANUI)Aranui AvenueRoll: 65
  • TE KŌHANGA REO O KURA MAHIAO16 Tainui StreetRoll: 18
  • ST MARCELLIN SCHOOL (WANGANUI)Totara StreetRoll: 53
  • TE KURA WAENGA O RUTHERFORD | RUTHERFORD INTERMEDIATE SCHOOL32 Toi StreetRoll: 143
  • ST DOMINIC'S COLLEGE12B York StreetRoll: 51
  • ST ANTHONY'S SCHOOL (WANGANUI)88 Alma RoadRoll: 91
  • WHANGANUI HIGH SCHOOL76 Purnell StreetRoll: 1475

Location info

22 Polson Street, Castlecliff, Whanganui, Manawatu / Whanganui

Tour the property

There are currently no open home times scheduled, please reach out to the agent to find a time.

Property insights

HomesEstimate

Updated
October 1, 2026
Estimated value
$350K - $395K

What is the HomesEstimate?

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, 2025
Capital value
$365,000
Land value
$265,000
Improvement value
$100,000

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: 350K - 395K
Suburb median
Castlecliff: 405K

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