Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and Editorial
Auctions

Riccarton

34 Wainui Street, Riccarton, Christchurch

Watchlist
Share
5 Bedrooms
1 Lounges
2 Bathrooms

Outstanding Student Rental - Prime Location


Auction Sale (unless sold prior)
12pm, Thu 28 August 2025
3 Deans Avenue, Christchurch 8011

This exceptional renovated residence presents an outstanding opportunity for investors seeking strong rental returns with minimal management input. Comprising five well-proportioned bedrooms and two modern bathrooms, this low-maintenance property is ideally configured for maximum yield and tenant appeal.

Opportunity to purchase in conjunction with 36 Wainui Street, Riccarton - buy one, or double your income.

• Five spacious bedrooms, each with built-in wardrobes
• Two contemporary bathrooms
• Currently tenanted on a fixed-term lease at $925 per week
• Rental appraisals indicate potential to achieve up to $1,050 per week
• Zoned TC2 - Residential Suburban Density Transition
• Off-street parking available
• Comfortably equipped with a heat pump, ceiling insulation, and underfloor insulation
• Settle tenanted OR vacant at the end of the tenancy

The living area offers a warm, inviting space for tenants to relax and connect, while the updated kitchen has been designed for functionality and ease of use. Modern touches and thoughtful upgrades throughout the home enhance its appeal, both in terms of comfort and durability.

Tenants benefit from ample off-street parking - a sought-after feature in this high-demand area.

Positioned in the heart of Riccarton, this property enjoys proximity to key amenities including the University of Canterbury, Westfield Mall, public transport, and local eateries. Its desirable location ensures consistent demand from students and working professionals, supporting low vacancy rates and reliable income streams.

With the current owners consolidating their investment portfolio, this is a rare chance to secure a high-performing asset in one of Christchurch's most in-demand suburbs. Make sure you chat with us about all purchase options prior to the auction. You can either purchase one or both, either vacant possession or with tenancies in place.

To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5527850

Auction
(unless sold prior)

3 Deans Avenue, Chch

28
Aug

Time12pm
Calander
Calendar
Angela Webb

Angela Webb

Residential, Investment and Development Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Grace Bruere

Grace Bruere

Residential and Investment Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Viewing details

10
Aug
Open home
Time
1-1.30pm
Calander
Calendar
13
Aug
Open home
Time
2-2.30pm
Calander
Calendar
17
Aug
Open home
Time
1-1.30pm
Calander
Calendar
21
Aug
Open home
Time
2-2.30pm
Calander
Calendar
23
Aug
Open home
Time
1-1.30pm
Calander
Calendar
27
Aug
Open home
Time
2-2.30pm
Calander
Calendar

Features

Investment


Currently tenanted on a fixed-term lease at $925 per week

Location


Prime position, situated within a short walking distance from the University of Canterbury, this property consistently attracts a steady stream of student renters, ensuring minimal vacancies

Parking


Off-street parking available for tenants

Modern


Thoughtfully renovated and well-maintained with modern upgrades over the years, this property offers excellent efficiency and a seamless transition for the new owner, knowing the hard work is complete

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.