6 Hounslow Street, Ilam, Christchurch

High yielding investment

Sold under the hammer

A 1960s home built to enjoy sunny outdoor living and cosy winters with 80% double glazing, HRV and heat pump, with a fantastic rental income of $980 per week. The interior design is functional, tidy and works well for its current use as a student rental, however, it has plenty of scope to convert back to a lovely family home in the future.

The property has seven bedrooms and two bathrooms and is currently rented on a single fixed-term tenancy agreement until November 23rd returning $980 per week. The property is fully insured and has been fully repaired. Located in a quiet street near Canterbury University and in the Burnside High School zone makes this property a great project to convert back to a family home when you are finished enjoying the cash flow it provides.

- Seven bedrooms in total
- Five bedrooms within the house
- Two bedrooms within sleepouts
- Two Bathrooms
- TC1 land
- Plenty of off-street parking
- Fully insured
- Healthy Homes compliant

The living room has French doors that open onto the sunny deck, the gardens are private, well established and drenched with afternoon sun. The house is warmed via a heat pump and condensation is controlled with an HRV system, the vendors have also double glazed 80% of the property and it is compliant with the new healthy homes standard.

So many options! This property offers excellent student accommodation close to the university but it could easily be converted back into a family home sitting inside the Burnside High school zone. The vendors are keen to see this property sold, secure your future on the 24th June 2021 at the Investment Auction Day.