7 Bampton Street, Burwood, Christchurch

Multi-income, declared reserve $750,000

SOLD UNDER THE HAMMER

This property offers two income streams for the price of one. At the front of the property is a four-bedroom one-bathroom dwelling. It has an open-plan living room and large sunny bedrooms with its own private outdoor space and plenty of off-street parking.

The rear building was erected post-quake and is a fully self-contained dwelling that offers two bedrooms, a full bathroom with laundry, and an open plan kitchen/living arrangement.

Currently, the front house is fully tenanted until April paying $480 per week. The property at the rear is rented periodically for $370 per week, this rent is increasing in January to $410 per week and both tenants are keen to stay on long term. This will bring the total income across both dwellings to $890 per week after the rent increase.

The front house has been fully repaired post-quake, and both are fully insured, and will be Healthy Homes compliant by settlement.

Located in Dallington, a popular riverside suburb in Christchurch, this property is set in a beautiful area and is an easy stroll to the river, as well as being convenient for professionals working in the inner city. The Palms shopping mall is minutes away and Central Christchurch is a short drive too.

Each of the two dwellings enjoys its own personal outdoor space, offering both tenants very private living arrangements. With our vendor retiring from being a landlord, now is the perfect opportunity to seize your very own multi-income residence.