A dual-income opportunity in central Palmerston North featuring a 6-bedroom home plus a 2-bedroom dwelling on one title. Returning $1,270 per week (7.0% yield) and approximately $150 per week positive cashflow after expenses.
The property sits in a central city location, close to all amenities and schooling, ensuring consistent rental demand. With 326m² of total floor area across both dwellings on a 711m² freehold site, this is a substantial multi-income asset.
A strong, reliable addition to any investment portfolio with immediate cashflow from day one.
| Purchase price | By negotiation |
| Weekly rental income | $1,270 pw |
| Annual gross income | $66,040 pa |
| Gross yield | 7.0% |
| 6 bedroom house | 250m² |
| 2 bedroom house | 76m² |
| Total floor area | 326m² |
| Land area | 711m² |
| Bedrooms total | 8 |
| Bathrooms | 2 |
| Rates | $7,365.73 pa |
| Cashflow positive | $150 pw |
Palmerston North is a major provincial city with a large student population from Massey University driving consistent rental demand. Central city properties with multiple income streams perform strongly in this market.
The city's affordability relative to Wellington and Auckland makes it an attractive investment market for yield-focused investors.