11/116 Stanmore Road

Linwood Canterbury

50 m²

House

Currently for sale - view listing

Overview

Tenanted City-Fringe Investment - Asking $369,000

****Copy and paste this link into your browser download the Property Files: https://www.propertyfiles.co.nz/938840006 Currently rented at $395 per week, this one-bedroom apartment offers existing rental income on Christchurch's city fringe. At $369,000, the current rent annualises to $20,540, representing an indicative gross yield of approximately 5.6%. Built in 2018, with approximately 50m² of floor space, its low-maintenance design makes it a practical option for investors adding to a portfolio or buying their first rental. • Double bedroom and one bathroom • Combined kitchen, dining and living • Heat pump, dishwasher, oven and cooktop • Dedicated laundry nook • Close to supermarkets, local eateries, the CBD and Te Kaha The gross yield assumes 52 weeks at the current rent, before expenses and vacancy. Buyers should review the tenancy, body corporate levies, rates and other ownership costs when assessing their return. 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.*