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Back 1-4/403 Gloucester Street
Off Market

1-4/403 Gloucester Street

Linwood Canterbury

9
4
1
320 m²
672 m²
Unit
Angela WebbAngela Webb, last sold this property on 20 May 2026 after 21 days on market.

Overview

SOLD under the hammer

Auction sale (unless sold prior) 11am, Thu 21 May 2026 3 Deans Avenue, Christchurch Contact agents for viewing times - private viewing by appointment. Offering a compelling combination of location, scale, and future flexibility, this unique investment property presents a valuable opportunity for buyers seeking a multi-income asset with development potential. Positioned on a generous 672sqm (more or less) parcel of Medium Density Residential-zoned land, it delivers immediate rental returns alongside long-term upside. The property comprises a well-maintained block of four flats, constructed with durability in mind. The layout has been optimised for consistent rental performance, appealing to a broad tenant base. Three of the flats offer two bedrooms and one bathroom, while the fourth provides three bedrooms and one bathroom. • Currently generating $1,600 per week across a mix of periodic and fixed-term tenancies • Comprising 1 x three-bedroom flat and 3 x two-bedroom flats • 672sqm (more or less) of Medium Density Residential zoned land, offering scope for future development and enhancement • Conveniently located within walking distance to the CBD and One New Zealand Stadium With a stable income stream already established and clear potential to add value, this is an ideal holding opportunity for investors considering land banking or future redevelopment. The combination of zoning, location, and site configuration provides flexibility for a range of future strategies. The vendors have given clear instructions sell on or before auction day. Opportunities of this scale and potential are increasingly scarce - act promptly to secure this standout investment. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5530341

Features

9 bedrooms
4 bathrooms
1 carspace
1 garage space
320 m² floor area
672 m² lot size
Unit

Estimated Value

We need at least 3 similar 9 bedroom units sold in Linwood over the last 12 months.

Property history for 1-4/403 Gloucester Street

2026
Sold
Undisclosed
20 May 2026 by Angela Webb, of Bayleys Christchurch (Whalan and Partners Ltd)
2026
Sold
Undisclosed
Auction Sale on 20 May 2026 by Grace Bruere

Happy sellers in Linwood

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

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

This is based on voluntary sentiment collected from 62 reviews in Linwood over the last 12 months.

Local market activity for 9 bedroom units in Linwood

Nearby agents

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Ani Tapa

Ani Tapa is a recommended agent for Linwood.  They have 5 local sales and collected 5 local reviews across the last 12 months.

  •   5   (69 reviews)
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Holly Jones

Sellers who recommend Holly Jones have praised them for being clear communication, well-prepared, reliable, local expert, supportive, responsive and great team

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Hazel Wilson

Hazel Wilson is a recommended agent for Linwood.  They have 3 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (12 reviews)
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Jake Wieblitz

Sellers who recommend Jake Wieblitz have praised them for being local expert

  •   4.9   (40 reviews)
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