Renovators dream


1/146 Waimairi Road, Ilam

Private Treaty

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Renovators dream | 1/146 Waimairi Road, Ilam | 5513317 |      X Close
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Renovators dream


Deadline Sale (unless sold prior)

1pm, Thur 22 Oct 2020

This large two bedroom townhouse has so much potential, with 160sqm of floor area to enjoy as a family home, or ample room to create more bedrooms and improve your return. The garage has been closed in some time ago to create additional living space or a bedroom and is currently underutilized, the oversized laundry and a neighbouring downstairs toilet have potential to incorporate a shower room for additional bedrooms within the garage. The living is spacious and flows nicely to the outdoor entertainment area. Although the property has a dated interior, it will make a fantastic project for someone who sees the potential to get the most out of the large floor area. Located close to the University of Canterbury, College of Education and Bush Inn Mall making it a favourable place for tenants and/or families to live.

The gardens were once loved with established fruit trees and a landscaped entertainment area with a brick fireplace and built-in BBQ, the fully enclosed section is secure and private and could be bought back to life by a new owner. Living is spacious and flows nicely out to the rear patio. Although the property has a dated interior, it is superb on functionality and location. Renters are very well positioned, close to the University of Canterbury, College of Education and Bush Inn.

- RV $480,000

- TC1 land

- Residential Suburban Density Transitional zone

- Cross leased title

- EQC cash settlement transfer of approx $18,000+

- Market rent $420 to $480pw

Currently under rented at $375pw, the market rent for three bedroom houses within the area, ranging from $420pw to $480pw. Fully insured and a small EQC payout of $18,000 for cosmetic work, will be transferred to the purchaser upon settlement.

To download the information pack copy and paste the below link into a new browser:

https://propertyinvestmentchristchurch.co.nz/1-146-waimairi-road

1/146 Waimairi Road, Ilam

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