Ilam
32 Lynfield Avenue, Ilam, Christchurch
+12
Home or Investment with Strong Income Potential
Offers/Enquiry over $1,190,000
Immaculately maintained by the same family for decades, this beautifully presented home exudes character, comfort, and enduring quality. Positioned on 660sqm (more or less) freehold TC1 section, it represents an outstanding opportunity for upsizing families or savvy investors seeking a well-located rental property with excellent potential to maximise returns.
Inside, the home offers four well-proportioned bedrooms and two modern family bathrooms. The upstairs bathroom features a shower, bath, and separate toilet, while the ground-floor bathroom includes a shower and its own separate toilet. The kitchen has been tastefully modernised over time, benefiting from upgrades such as double ovens and stone benchtops. With double glazing throughout and two heat pumps, the home is well-equipped for the cooler months.
• Proximity to the University of Canterbury
• Four generously sized bedrooms
• Four-car internal-access garaging
• Two family bathrooms, each with a separate toilet
• Scope to add additional bedrooms to maximise rental income
• Rental appraisals indicating up to $925 per week
Investors will note the enticing potential to convert the garage or additional living space to further increase accommodation capacity and rental yield. Its location near the University of Canterbury ensures strong demand for student housing.
A separate laundry enhances day-to-day functionality, while the spacious outdoor area offers ample room for entertaining, pets, children, or future improvements - without the burden of being high maintenance.
Enquire within for the next available viewing times.
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Angela Webb
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Grace Bruere
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Potential
With generous bedrooms, two living areas and four-car garaging, there is plenty of potential to add additional rooms to generate more income
Legal description
660sqm (more or less) of TC1, Residential Suburban zoned land offers long-term stability
Position
Situated within walking distance from the University of Canterbury, this property would confidently attract a steady stream of student renters, ensuring minimal vacancies and maximising rental income
Rental appraisal
With rental appraisals indicating up to $925 per week in its current configuration, and opportunity to add additional bedrooms, this home lends itself perfectly as a student rental
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