100 Elizabeth Street

Riccarton Canterbury

House

Currently for sale - view listing

Overview

A proven performer near the University

Auction sale (unless sold prior) 11am, 5th November 2026 3 Deans Avenue, Christchurch Seeking a lucrative investment offering exceptional returns and a prime location? Featuring five bedrooms and two full-sized bathrooms. This residence is purpose-built to provide comfort, convenience, and a robust rental income. Currently leased on a 12-month fixed term tenancy until 15th November 2026, this property generates a steady income of $970 per week, with potential to increase further come November. Located just a short walk from the University of Canterbury, this property consistently attracted a steady stream of high-quality student tenants. • Five double bedrooms • Two spacious bathrooms, each with a shower and toilet • Current rental income of $970 per week, with potential to increase come November 2026 • 296sqm (more or less) of freehold, TC2, High Density Residential zoned land • Walking distance to the University of Canterbury • Open-plan kitchen and living area • Five generous off-street car parks • Rental appraisals showing up to $1,150 per week Constructed in the early 2000's and recently upgraded to meet modern tenants' preferences, this property has been well maintained over the years. The most recent upgrades include an interior paint refresh, new carpet in the lounge and on the stairs and new curtains. This property offers a compelling combination of reliable rental income and significant potential for future capital growth. With existing tenants providing immediate cash flow and a sense of security, this opportunity is not to be missed. Our motivated vendor is eager to exit the rental market and is keen to finalise the sale on or before auction day. Secure this outstanding investment today and enjoy the benefits of a sound and profitable addition to your portfolio. Please contact agents for private viewings outside of open home times as the property is currently tenanted. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5531946

Features

5 bedrooms

2 bathrooms

House

Happy sellers in Riccarton

78%

78% of sellers in Riccarton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 64 reviews in Riccarton over the last 12 months.

Local market activity for 5 bedroom houses in Riccarton

In the last 12 months, 5 five-bedroom houses similar to 100 Elizabeth Street, have been sold.

This represents a 34% increase in five-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

Angela Webb

at Bayleys Christchurch (Whalan and Partners Ltd)

View listing

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