29 Vicki Street, Sockburn, Christchurch

Investment with 7% plus return

For Sale - Negotiation over $460,000

View - By appointment

This well set up and proven student rental would sit well in anyone's portfolio, with low-interest rates and a 7% plus gross return it would be well worth buying.

Built of brick to stand the test of time, this 100sqm house is currently set up as a student rental property. Well located near Bush Inn, Riccarton High School and a few minutes drive to the University. With a total of five bedrooms, three double rooms within the house and two contained in a modern sleepout. The house has had a new kitchen installed and features polished wooden floors, three double bedrooms all have wardrobes, the kitchen is open plan with a separate lounge area. Heated by two heat pumps and insulated to current standards plus there's a large laundry room and good storage. At the rear of the property is the modern sleepout with two bedrooms and a shared bathroom, all modern, warm and double-glazed. The single garage has some older outbuildings attached, ideal for bike storage. Currently rented at $625 per week until February 2021, all professionally managed by A1 property management who would be keen to continue.

Summary:

- Five bedrooms
- Three in house
- Two in modern sleepout
- Two bathrooms
- Currently rented at $625 per week until February 2021
- TC1 land
- 653sqm

With a strong rental income and tenants signed up till February 2021 this has to be an easy and affordable purchase to add to your portfolio.

We have more student rental properties available, copy and paste the below link into a new browser to view our current listings. http://propertyinvestmentchristchurch.co.nz/residential

This property is on one standard tenancy agreement, it is NOT a room by room rental.

To download the information pack copy and paste the below link into a new browser:
http://propertyinvestmentchristchurch.co.nz/5511321