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Set on a level, freehold 670m² section in well-connected Sockburn, this solid 1950s brick-and-tile property has been configured to deliver exactly what investors are chasing: a proven, strong rental return with smart, council-approved enhancements that boost its rental appeal.
The main residence offers five bedrooms and two bathrooms, and also features a council-consented bathroom in the garage, a practical, fully approved addition that makes the property easier to let, supports multiple tenancy arrangements, and adds real value for tenants. With its timeless brick construction and tiled roof, this is a property built in an era when homes were made to last, sitting on an easy-care, level section with off-street parking for up to three vehicles.
The numbers speak for themselves. In its current configuration the property is returning $1,230 per week in rent - a strong, proven income of around $64,000 per year. It is currently let on periodic tenancies, offering flexibility on both sides: an investor can settle and enjoy immediate rental income with no vacancy, while an owner-occupier down the track could move in once the required notice has been served, rather than waiting out fixed-term leases.
Families and students alike will appreciate the location, which underpins the strength of the tenant pool. The property is within easy walking distance of Te Kāpehu Riccarton School and Riccarton High School, and sits conveniently close to the University of Canterbury, a real drawcard for academic staff and for the strong, steady student rental market that keeps tenancies flowing. Everyday living is just as easy, with Church Corner and the Bush Inn and Riccarton shopping centres, supermarkets, cafés and the library all close by, alongside straightforward access to Main South Road, the motorway and the airport.
Whether you are growing a property portfolio or seeking a single, strong-yielding asset with built-in flexibility, this property delivers.
Contact the agent on 021 109 0333 to arrange a private viewing.
Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.
