36 Wainui Street, Riccarton, Christchurch

Prime location - high yielding investment

Auction (unless sold prior)
12pm, Thu 28 Aug 2025
3 Deans Avenue, Chch

Positioned in the heart of Riccarton, this five-bedroom, two-bathroom residence presents an outstanding investment opportunity or University home. Held as a long-term investment by the current owners, this has to be one of the best maintained student properties we have sold in years. This property can be purchased vacant, with a lease in place for the 2026 student year OR in its current configuration as a room-by-room rental, the decision is yours and the vendors are very flexible on settlement date.

There is also the option to purchase the neighbouring property at 34 Wainui Street (see advertised), rented to students for $925 per week, enabling buyers to double their income potential with two high-performing investment properties in close proximity.

Located within walking distance to the University of Canterbury and Westfield Mall, the property benefits from consistent demand among students and young professionals. Constructed in the 1940s and thoughtfully upgraded over the years, it meets the expectations of today's tenants while retaining its original charm.

• Five spacious double bedrooms
• Two well-appointed bathrooms, each with shower and toilet
• Functional, tenant-friendly layout designed for comfort
• Generous off-street parking
• Immaculately maintained with quality upgrades throughout
• Zoned TC2 - Residential Suburban Density Transition
• Rental appraisal up to $1,050.00 per week
• Comfortably equipped with a heat pump, ceiling insulation and underfloor insulation
• Purchase Vacant OR tenanted
• Investment OR University home
• Extensive chattels list provided

This is a smooth transitional opportunity offering immediate cash flow, capital growth potential, and security. Whether expanding your portfolio or looking for a home for your children while at university, this is a property that delivers on all fronts.

Our motivated vendor is committed to selling, finalising the sale on or before auction day as part of a portfolio downsizing. 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 following link into your browser:
https://www.propertyfiles.co.nz/5527851