20 Ilam Road, Ilam, Christchurch

Investors Alert!

Auction: 12pm, Fri 15 Jul 2016 (unless sold prior)
3 Deans Avenue, Riccarton

An exceptional opportunity exists here for astute investors. Options abound - rental investment, home and income or extended family - you choose!
Six double bedrooms, two bathrooms, two living areas with the configuration easily adaptable to be made to seven bedrooms. A larger than average single garage (4.1m wide by 5.4m totalling approx 22.14sqm) and off-street parking for eight vehicles make this package even more attractive.

The property has been run as highly successful rental for six years with uninterrupted income and has been highly sought after by senior university students.

My current owners have just completed an extensive renovation to the property which included new lighting, new bathroom fittings, new kitchen, new carpet and floor coverings, exterior and interior paint work on windows and doors. A new security alarm which activates an automatic text to a choice of phone numbers should the alarm be activated provides security and peace of mind. Ceiling and underfloor insulation complement the recently serviced heat pump ensuring warmth and comfort year around.
New fencing and garden make over complete the package.

The home enjoys a private lawn and garden area at the rear of the property and is zoned TC2 land.
The 2015/2016 rental bought in $816 per week based on six rooms. With recent renovations and immaculate presentation, the potential return is envisaged to be $900 plus.
Current short term Holiday Lets of $230 plus per night (based on 4 people) until the 2017 University lease is signed in the near future provides additional income after the renovations were completed.

Located only six minutes walk to Canterbury University. Ideally situated for bus stops, cafes and shops.

Canterbury University is showing steady growth with an anticipated 10-13% growth rate. Properties in this location are becoming more and more popular. Don't miss out, call me today for further information.