Maximum potential for minimum investment!

7 Huia Street, Riccarton

By Negotiation

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Maximum potential for minimum investment! | 7 Huia Street, Riccarton | 559713 |      X Close

Maximum potential for minimum investment!

For Sale - Price by Negotiation

Located in a popular and convenient part of the city, this solid home - with a tenant in place who is keen to stay on - represents an easy decision for any investor or developer.

Inside, the home features three bedrooms, tidy bathroom a large kitchen space and a tidy lounge with a heat pump. The potential lays in the large separate laundry, leading off the kitchen and next to the bathroom giving opportunity to reconfigure the layout to include an en suite. As well as a sunny open plan living area on the northern side of the house leading to the large back yard. There's plenty of potential to freshen up the decor and enhance key aspects of the home, increasing the value of the property as you do so.

In summary

- Student rental

- Three bedroom house plus sleep out

- Potential to expand the accommodation

- Rented at $480 per week

- Fixed term till end of January 2020

- Rateable valuation $470,000

- TC2 land zone

- Development zoning residential transitional zone

- Girls and Boys high school Zone

Outside, the large 903sqm section zoned Residential Transitional zone for development and TC2 CERA land classification, giving potential to further increase income with additional accommodation at the rear or the front of the property.

Situated at the end of a quiet cul-de-sac, the property is located within Christchurch Girls' and Boys' High School zoning as well as within an area popular for students with easy reach to the university and the Westfield Shopping Mall.

Currently tenanted and presented to the market by vendors who are determined to achieve a result, this well-positioned student property represents a wonderful opportunity to establish a presence in an ever-popular part of town. Prospective purchasers are advised to quickly - contact me today for further details.

Please contact Angela Webb or Kate Mullins for more information or to arrange a viewing.

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7 Huia Street, Riccarton

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