302 Princes Street, Parkvale, Hawke's Bay

Amount undisclosed

6
3
3
488 sq.

BlockOfUnits

•

1 day on the market

Sold: Sep 3, 2026

What's around 302 Princes Street

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.

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