Residential
More from realestate.co.nz:
Agents News

2-1A Leicester Street, Picton, Marlborough

Fixed term tenancy in place

dollar

$525,000

Unit
Unit
Bedroom
3
Bathroom
1
Floor area
120m2
Title type
Cross Lease
Garage
2
On this page:

Open homes

No upcoming open homes

Property details

Listing # 4136846 | Listed on 29 October 2025

Currently rented with a 12-month tenancy in place until February 2027, this property offers an excellent opportunity for investors seeking immediate returns providing a 5.9% gross yield.

This three-bedroom home in picturesque Picton offers comfort and hillside views and has been recently updated. Light-filled and welcoming, the open plan kitchen and dining flow effortlessly into the living area and out to a sunny, north-facing balcony, the perfect spot to unwind while taking in the elevated outlook across the hills.

Each of the three double bedrooms includes in-built wardrobes and shares the spacious, renovated family bathroom. A cosy wood burner and heat pump ensure year-round comfort. With carpet, paint, and an updated bathroom already updated, this home is ready for you to move straight in, while still leaving room for you to add your own personal touch.

Outdoors, the property is thoughtfully designed with a small front lawn and gardens, plus a terraced vegetable garden with raised beds at the rear. Under the home, a large single garage provides excellent storage, complemented by a second single garage with a workshop and ample off-street parking ideal for a boat or caravan.

For outdoor enthusiasts, Victoria Domain is on the doorstep for walking and cycling tracks. Plus you’re just five minutes drive from Picton's CBD for easy access to shops, cafés, restaurants, and the waterfront. For families, Queen Charlotte College is an easy walk away.
]
Contact the Will Porter Team today to arrange your viewing.

Your notes
Add notes for your personal reference. This can only be seen by you.

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message
A young family with pets illustration