6% plus investment return


55A Wharenui Road, Riccarton

By Negotiation

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6% plus investment return | 55A Wharenui Road, Riccarton | 5515638 |      X Close
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6% plus investment return


Located in the school zone of Christchurch Boys' High and Christchurch Girls' High, this property has a great return for a post-quake build in an area with so much growth potential.

With five bedrooms, six ensuites and one living space, this home is well designed with double glazing and silencer insulation between each room. All bedrooms come fully furnished with a double or queen size bed, a built-in wardrobe, a desk and a chair, and a bar fridge, and some rooms with built-in shelves as well. The ensuite bathroom has shower box, toilet, plus vanity, making the rooms semi self-contained.

Modern finishes with colorsteel roof, installed panel heaters and extractors in all ensuites and a rangehood in the kitchen to help comply with the healthy homes standard. The communal area includes kitchen and laundry with supplied cooking facilities and washing machine, as well as an air conditioner.

The land is zoned Residential Suburban Density Transition and is 396sqm of TC2 land, with six on-site parking in an area where this is a necessary luxury.

In Summary:

- Five double bedrooms all with ensuites and smoke alarms in each bedroom

- Fully compliant with the Residential Tenancies (Healthy Homes Standards)

- Three minute drive to Westfield Mall, Riccarton, fourteen minute walk to the University of Canterbury

- Easy access to restaurants, shops, cafes, bars, public transport and other amenities

- Six on-site parking

- Rental income over $1,000 per week currently plus power (tenants pay power cost for bedrooms)

Sitting on public transport routes and near the mall gives great rental appeal for tenants. This post-quake build shows how easy room by room rental can generate higher returns for investors. Being built in 2010s this property has the advantages of modern living and warmth that other room by room properties just don't have in the area.

Copy and paste to download the property files: http://www.propertyfiles.co.nz/property/5515638

Tracy Chen

Christchurch

Licensed under the REA Act 2008

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55A Wharenui Road, Riccarton

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Tracy Chen

Christchurch

Licensed under the REA Act 2008

View profile