Overview
- Updated On:
- August 26, 2026
- Property ID
- 34469
- Category
- Off-the-Plan
- 135.00 m2
- 3 Bedrooms
- 2 Bathrooms
7 University Avenue, Massey University, Turitea, New Zealand, Palmerston North, Palmerston North
Description
An off-plan 3-bedroom townhouse in a boutique Palmerston North development positioned within walking distance of Massey University — New Zealand’s largest campus by domestic and international student enrolment. This property qualifies as Foreign Buyer Eligible under the NZ Overseas Investment Act new build exemption.
Palmerston North’s rental market is structurally driven by student and academic demand, delivering vacancy rates consistently below 1.5% in well-located stock near campus. Projected gross yield at current market rents is 6.4%. The 3-bedroom configuration is optimised for flatting demand, maximising per-room rental returns relative to single-occupant dwellings. Kōwhai Property Group specification: engineered timber flooring, integrated kitchen, heat
📌 Sample Listing: This property is a sample listing created to demonstrate how Foreign Buyer Eligible university-precinct off-plan townhouses are presented on AsetraX. All details are illustrative only. AsetraX is currently in beta. Enquire About Listing Your Property →
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance
