Extraordinary Investment Opportunity

30 Creyke Road, Ilam | 1290000

number of bedrooms 8 number of bathrooms 3 number of garages 1

On offer is a fantastic investment opportunity in the sought-after suburb of Ilam in Christchurch. This property boasts not one but two two-bedroom units, and a spacious four-bedroom home, all almost directly opposite Canterbury University.

The properties are sited on a freehold section of approximately 971m2. The units are well-designed and feature large separate lounges, two bedrooms, and a separate kitchen/dining. The front unit has an internal access garage, and the rear unit has a designated carport and garden area.

The four-bedroom home is equally impressive, featuring a large open-plan living and dining area. The bedrooms are all generously sized, and the kitchen and bathrooms have been recently upgraded. Other features include a new roof and a double carport.

– 1/30: Fixed until 31/01/2024 at $380 per week.
– 2/30: Fixed until 05/02/2024 at $450 per week.
– 3/30: Fixed until 18/11/2023 at $640 per week.

$1470 per week, giving an annual return of $76,440.

Located in the heart of Ilam, this property is within walking distance of many amenities, including shops, cafes, and public transport links. With its close proximity to Canterbury University, this property presents an excellent investment opportunity for those seeking to capitalise on the student rental market.

Investment properties of this calibre are rare in such a prime location, so do not miss out on the opportunity to secure this amazing property. Contact us today to arrange a viewing!

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*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.

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Papanui Office Real Estate Agent, BCom

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