52 Parkstone Avenue, Ilam, Christchurch

Student rental excellence

SOLD UNDER THE HAMMER

This grand eight-bedroom student rental has been the crown of our vendor's portfolio for the last seven years and it is now time to move this great income generator on to its next owner.

Built in the 1980s as a split-level home, the top floor has three bedrooms, one with an ensuite, as well as a full family bathroom to share. The middle floor has another three bedrooms, sharing one bathroom. This level also contains a separate laundry, a large family kitchen, and an enormous living area, with large double-glazed french doors opening to a north-facing patio and garden. The ground floor has a further two bedrooms to boost the income even further.

Currently tenanted until the end of January 2023 on a fixed term lease paying $1,280 per week and tenants keen to sign for the 2023 year at $1,320 per week.

All EQC work was completed and the property is fully insured.

The property is located less than 500m from the University of Canterbury, Parkstone campus and close to the Ilam campus. The students renting the property, always appreciate the proximity to the university and the opportunity to escape the student lifestyle to the tree-lined, suburban streets of Ilam.

- 8 bedrooms
- $1,280 per week income,
- Potential increase to $1,320 per week
- Great student rental location
- Potential to revert to a family home in the future

With our vendor selling his last student property and moving his focus to family, this is a great opportunity to grab an asset within a popular area for families and students, invest in your future today for a better tomorrow.