8 Ranfurly Street, Hokowhitu, Palmerston North City, Manawatu

Wise investors listen up as #8 Ranfurly Street offers an excellent gross return currently around 8.5%! The vendors have never struggled to find tenants, with the property always attracting students who want to live close to the city. Situated in an excellent location, only a couple of minutes from the supermarket and the Plaza, with all the shopping conveniences a tenant could ever want - plus all the entertainment, including the Regent, cinema, pubs and many dining out options. The perfect student flat for a city living lifestyle.

With four double bedrooms, heat pump, easy care backyard, detached utility room (great for extra storage of the student kind!) and excellent off-street parking. There is no denying the dwelling is most suited as a student flat and it could do with a little, lot or no work - but with its positive cash flow you can either put back in some TLC to enhance your investment or sit back and watch the mortgage pay its self-down till you're ready to do the work.

NB: Due to it being a tenanted property there are no photos of the inside. The driveway in the photo belongs to the neighbouring property.

Developers: You would struggle to buy the land if it was vacant at such a low price and you receive the benefit of it been currently rented for $368 per week!

Investors come and take a look now, as you know, these rare opportunities don't last long.