Upper Riccarton
53 Acacia Avenue, Upper Riccarton, Christchurch
+16
Invest with confidence in prime location
Auction (unless sold prior)
11am, Thu 13 Aug 2026
3 Deans Ave, Chch
Positioned on a 688sqm (more or less) TC1 Medium Density Residential-zoned land, the property enjoys a prime location within walking distance to the University of Canterbury and Bush Inn, making it ideally suited for student accommodation. Currently returning $1,480 per week on a fixed tenancy through to January 2027, it offers immediate income with excellent long-term investment potential.
• 688sqm (more or less) of TC1, Medium Density Residential zoned land
• Walking distance to the University of Canterbury
• Generating a rental income of $1,480 per week on a fixed term tenancy until January 2027
• Rental appraisals indicating up to $1,600 per week
• Generous off-street parking
• Eight large bedrooms, two bathrooms
• Resource consent in place for the eight bedrooms
Delivering a strong and reliable rental return, this property presents an outstanding opportunity for investors seeking a high-performing addition to their portfolio. Character timber flooring flows throughout the main living areas, seamlessly connecting the spacious lounge and dining room. The updated kitchen is both practical and well-appointed, offering ample storage and functionality for everyday living.
The home comprises five generous double bedrooms serviced by two bathrooms, while a purpose-built sleepout provides a further three double bedrooms, creating a total of eight bedrooms. Original rimu detailing in the main dwelling add warmth and timeless character, complementing the home's modern improvements.
Offering peace of mind, the property has a full EQC scope with all repairs completed by a previous owner. It is fully insured and benefits from resource consent for all eight bedrooms. Further enhancements completed by the current owners include extensive re-gibbing, underfloor insulation, new guttering, a low-maintenance section, and ample off-street parking.
The owners are committed to selling and are highly motivated to achieve a sale on or before auction day.
To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530744
Grace Bruere
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Angela Webb
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Viewing details
Features
Investment
Reliable income, this property is currently returning $1,480 per week - leased until January 2027
Layout
Five bedrooms and two bathrooms located in the main dwelling, while the purpose built sleepout boasts three double bedrooms
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
Modern
Thoughtfully updated over the years, this property offers excellent efficiency and comfort for tenants, while providing a smooth and seamless transition for the new owner
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