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Positioned to show a return of 7% onward, this property also has an unmatched quality that other investment options do not. Architecturally designed with solid concrete block walls and exposed beamed ceilings and located in a desirable street in Ilam.
The original layout of the property was five bedrooms in the main dwelling. A sixth bedroom has been converted from the separate lounge, and the separate sleepout provides a seventh bedroom.
Currently returning $1300 per week, the tenants and any future tenant groups will get to enjoy the quality on offer. No one bedroom is cut short; all are genuine doubles. Two inside the main house benefit from a shared ensuite, while the other four rooms share a large bathroom and separate toilet. The super spacious sleepout is fully equipped with its own heatpump and ensuite bathroom.
The owner has done the hard work to make the property healthy homes compliant, with an extravagant four heatpumps throughout the property.
Set on a great freehold site of 911m2, this underpins the value and future value for the next investment owner.
Enjoy the brilliant rental returns or benefit from the potential tp make this a large architectural family home.
Only an approximate 8 minute cycle to Canterbury University and further value is underpinned by being zoned within the Burnside High School zone.
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*Photos representative of condition prior to the current tenancy.
*Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA and we have not been able to verify the accuracy of the same.