34 Wainui Street, Riccarton, Christchurch

Outstanding Student Rental - Prime Location

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. You can either purchase one or both, either vacant possession or with tenancies in place.

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