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Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu
Photo 17: 8 Ranfurly Street, Hokowhitu

Show all photos 8 Ranfurly Street, Hokowhitu | TPPN1032

8 Ranfurly Street
Hokowhitu TPPN1032

  • 4
  • 1
  • 1
  • 506m2
  • 130m2

Bruce Hosking06 353 5599

More about Bruce Hosking

Iain McAlpine06 358 4680

More about Iain McAlpine

Property SOLD:
Investor/Developer Alert !

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.

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Property Features

Dining
n/a

Kitchen
Well utilised student flats kitchen.

Bedrooms
Four double bedrooms, perfect for student accommodation.

Bathrooms
Family bathroom, separate bath and shower.

Laundry
Large area.

Garage
n/a

Outdoors
Small back yard plus a huge parking area behind.

Cross lease land size
n/a

Rateable Value
$210,000
Rates: TBA

Entrance
Reasonable sized living area.

Chattels
Electric Hob, Electric Oven, Fixed floor coverings, Light Fittings, Window treatments, Letterbox, Clothesline, Laundry tub - Common, Heat Pump

Legal Description
Legal Estate: Fee Simple
Lot: Part Section 962 Town of Palmerston North
CT: WN209/85