Affordable Leasehold opportunity

Listed 4 Sep
22 Polson Street, Castlecliff, Whanganui, Manawatu / Whanganui
Enquiries over $100,000
Details
- Floor Area
- 90m²
- Land area
- 983m²
- Parking
- 1 car garaging
- Broadband
- ADSL, Fibre, Satellite, VDSL, Wireless
- Capital value (CV)
- $365,000


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.

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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
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
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



