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Back 1-2/398 Ferry Road
Off Market

1-2/398 Ferry Road

Woolston Canterbury

2
2
2
263 sq.
Flat
Grace BruereGrace Bruere, last sold this property on 22 January 2026 after 85 days on market.

Overview

Dual Income and Future Upside

Auction (unless sold prior) 12pm, Thu 20 Nov 2025 3 Deans Avenue, Christchurch 8011 Presenting a distinctive investment property offering a remarkable opportunity for multiple income streams. Situated on a 263sqm (more or less) of RSDT zoned land, this investment promises both immediate rental returns and future land-banking potential. The residence has been thoughtfully divided into two separate flats, enhancing versatility and maximizing investment returns. Both flats consist of one bedroom, one bathroom, and an open-plan kitchen and living area, and are leased for a total of $850 per week on periodic tenancies. •Residential Suburban Density Transition zoning supports future development •263sqm (more or less) of freehold land •2 x 1 bedroom, 1 bathroom flats •Current rental income is $850 per week from periodic tenancies With a stable income in place and rental upside identified, this property offers a solid holding opportunity for land banking or staged redevelopment. Its location, zoning, and site configuration make it well-suited to investors seeking flexibility, future gains, and consistent cash flow. The location is highly desirable, appealing to both tenants and developers, due to its proximity to Christchurch City, the Port Hills and The Tannery. This is an exceptional opportunity to establish your presence in the property market. The vendor, motivated by a portfolio downsizing, is committed to seeing this property sold on or before auction day. Don't miss the chance to secure a property with both strong land value and consistent cash flow. To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5528793

Features

2 bedrooms
2 bathrooms
2 carspaces
263 sq. lot size
Flat

Estimated Value

We need at least 3 similar 2 bedroom flats sold in Woolston over the last 12 months.

Property history for 1-2/398 Ferry Road

2026
Sold
Undisclosed
Sold After Auction on 22 Jan 2026 by Grace Bruere, of Bayleys Christchurch (Whalan and Partners Ltd)

Happy sellers in Woolston

87%
87% of sellers in Woolston reported that their sale price either exceeded or met their price expectations.

Woolston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 110 reviews in Woolston over the last 12 months.

Local market activity for 2 bedroom flats in Woolston

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