56 Middlepark Road, Sockburn, Christchurch

Large income opportunity

SOLD

With eight bedrooms this large student rental offers a great opportunity and should be taken seriously as a smart addition to your portfolio.

Currently, the property is rented to Lincoln students for $800 per week with rent increasing to $950 per week from January 2022. The existing tenants are staying on for 2022 so there are no vacancies, making it a smooth transition.

The property is in a good, tidy condition and has been maintained well by its current owner, who has also bought the property up to Healthy Homes standards. The EQC repairs have been completed and the property is currently fully insured.

Sitting on solid 658sqm TC1 Residential Suburban land, the property would be a good addition to an astute buyer looking to grow their portfolio. Students in Sockburn appreciate the easy access to University and the Bush Inn shopping area.

The property has a spacious outdoor area for the summer months and plenty of off-street parking.

It has been a great investment stepping stone for our vendor, however, he now has his sights set on a development giving the perfect opportunity to get yourself into the market where cash flow is key.