DIY Dream in a central city location


37 South Street, Palmerston North

By Negotiation

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DIY Dream in a central city location | 37 South Street, Palmerston North | 3051356 |      X Close
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DIY Dream in a central city location


Sitting in the middle of South Street, surrounded by beautiful character homes sits this DIY Dream Home. As they say the worst house in the best street can lead to rewards later on. Here lies an opportunity to create your own House Rules and renovate this home to its true potential or remove the property and build in an enviable location.

This character home has 3 good size bedrooms, a large lounge, kitchen and dining/family room area. The ornate plaster ceilings and the native timbers visible in some parts of the house show you the potential here. And the lovely back yard complete with lemon tree backs onto the grounds of Palmerston North Intermediate School. You will see the family through all of their school years with CSNS, PNINS, PNGHS and PNBHS zoning that is on offer here.

The large tandem garage is a handymans dream - you could probably fit two cars end to end in here and the tool bench runs the length of the shed with drawers and storage. A previous owner obviously took pride in his shed and it is ready and waiting to be returned to great mancave status. Alongside the shed is a separate light filled hobby room - another space that can be put to creative use.

Walking distance to schools, the central city, the Esplanade and Lido - this house has been continually rented since my vendor purchased it 10 years ago. Currently returning $325 per week in its current state. A great spot for your Massey student and their friends who are searching for a place. The tenant has moved on so you now have an opportunity to purchase in this sought after location and settle as quickly as you can.

Yes there is work to do here - you don't find many opportunities like this in the central city. So if you wear a DIY, investor or developer hat then you must view this property.

Don't hesitate to call Milly to view or visit the Open Homes.

Open Home Sunday 27th January 1-1:30

Open Home Monday 28th January 5:30-6:00

Open Home Sunday 3rd February 1-1:30

Rates: PNCC $2642.12 Horizons $333.70

Land Area 674sqm

House Area 110sqm

Improvement Value $105,000

Land Value $270,000

Rateable Value $375,000

37 South Street, Palmerston North

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