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Back 12A Karo Place
Off Market

12A Karo Place

Ilam Canterbury

5
2
2
539 m²
House
Tom ChamberlainTom Chamberlain, last sold this property on 10 October 2025 after 24 days on market.

Overview

To view documentation in relation to this property, please copy and paste the link into your web address bar: https://www.propertyfiles.co.nz/property/L33814696 Perfectly positioned just minutes from the University of Canterbury, this property at 12A Karo Place, Ilam is a ready-made investment opportunity with proven student rental appeal. Set on a 539 sqm section, the property comprises: • A three-bedroom, one-bathroom main dwelling with heat pump and functional layout. • A two-bedroom, one-bathroom sleepout at the rear. • A double freestanding garage plus off-street parking. Currently assessed to achieve a market rental of around $1,000 per week, this property offers strong income potential and attractive net returns in a high-demand location. The flat site, low-maintenance grounds, and cul-de-sac setting make it appealing for tenants, while its proximity to shops, transport, and the university ensures consistent occupancy. With Christchurch's student rental market showing ongoing

Features

5 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
539 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Ilam over the last 12 months, the estimated median property value of 12A Karo Place is $1.33m.

Median value
$1.33m
Estimated value range
$816k - $2.45m
Median days on market
22
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ilam. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12A Karo Place

2025
Sold
Undisclosed
10 Oct 2025 by Tom Chamberlain, of Harcourts Holmwood Real Estate Ltd Ilam 2 Office

Happy sellers in Ilam

89%
89% of sellers in Ilam reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 70 reviews in Ilam over the last 12 months.

Local market activity for 5 bedroom houses in Ilam

In the last 12 months, 10 five-bedroom houses similar to 12A Karo Place, have been sold.

This represents a 100% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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Ben Ban

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