417 Ilam Road, Fendalton, Christchurch

Fendalton Investment

For Sale - Price by Negotiation

This three bedroom home with two bathrooms also has the added bonus of a one-bedroom granny flat. For the last 13 years the owners have rented it out as three flats at $870 per week, however, the council has issued a notice for the kitchen sinks to be removed from the front flat within the main house and the granny flat. They have also asked that the door between the front and the back flat be opened up, making it a one dwelling property, this work will be completed prior to settlement.

The opportunity now is to rent the property as one tenancy to an extended family or students with two studios and two/three bedrooms within the main house. Tenancy services show the median market rent for the area for five-plus bedroom properties at $810 per week.

Sited on 736sqm of TC2 land zoned Residential suburb home and located only meters from the Fendalton Village shops, this location is sort after within desirable school zones, Christchurch Boys' and Girls' High School.

Right in the heart of Fendalton Village, the perfect location gives the tenants easy access to amenities. In the village sits a supermarket, bank, takeaways, bars, and cafes. Easy access to the cities bus system and privacy of the property all add to the rentability and attract long term tenants.