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Back 302 Princes Street
Off Market

302 Princes Street

Parkvale Hawke's Bay

6
3
3
488 sq.
Block of units
Upinder DadrahUpinder Dadrah, last sold this property on 03 September 2026 after 0 days on market.

Overview

Income, flexibility and future potential

Offering immediate income, quality upgrades and future growth potential, this well-maintained three- dwelling property presents an outstanding investment opportunity in a convenient location close to local amenities. Positioned on a single title, the property comprises a character two-bedroom home and two well- presented two-bedroom units, providing multiple streams of rental income. The front home features two bedrooms, one bathroom and a modernised kitchen, while double glazing throughout, two heat pumps and its own solar power system enhance year-round comfort and efficiency. Both two-bedroom units are equally impressive, benefiting from double glazing, heat pumps, and individual solar power systems. Significant capital improvements have already been completed, including new roofing and new metal guttering across all three dwellings, helping to minimise future maintenance costs. Currently, two units are tenanted and returning a combined $1,040 per week. The front two-bedroom home has previously achieved up to $680 per week, highlighting the property's potential gross rental return of up to $1,720 per week when fully occupied. With strong rental appeal, energy-efficient features, and substantial recent upgrades, this is a rare opportunity to secure a versatile investment with immediate income and room to scale. The works already been done. You won't want to miss out on this one.

Features

6 bedrooms
3 bathrooms
3 carspaces
488 sq. lot size
Block of units

Estimated Value

We need at least 3 similar 6 bedroom block of units sold in Parkvale over the last 12 months.

Property history for 302 Princes Street

2026
Sold
Undisclosed
03 Sep 2026 by Upinder Dadrah, of Bayleys Havelock North

Happy sellers in Parkvale

70%
70% of sellers in Parkvale reported that their sale price either exceeded or met their price expectations.

Parkvale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 36 reviews in Parkvale over the last 12 months.

Local market activity for 6 bedroom block of units in Parkvale

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Eddie Dunne

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