150 Main S Road

Sockburn Canterbury

1012 m²

House

Currently for sale - view listing

Overview

Proven income, proven growth

Under offer. This exceptional property offers a rare opportunity to secure a high-yield, proven investment with an outstanding 20-year track record. Perfectly positioned in a highly sought-after location serving both the University of Canterbury and Lincoln University, the property sits on 1,012sqm (more or less) of TC1, freehold, Residential Suburban-zoned land - a solid landholding in a consistently in-demand rental area. Currently tenanted on a fixed-term lease at $1,400 per week until November 2026 (equating to $72,800 per annum), the property delivers an immediate and reliable income stream from day one. Investment Highlights • Proven 20-year track record • Historically strong tenant retention, with most groups staying for two years • Seven double bedrooms, all lockable • Two bathrooms plus a separate laundry • Consented log burner and heat pump for year-round comfort • Majority double glazed • New roof (approx. six years ago) • New hot water cylinder and water heating unit • Alarm system installed • Generous off-street parking for seven plus cars and outdoor space • Close to key amenities and main bus routes The dwelling offers practical, comfortable accommodation tailored perfectly to the student market. The kitchen is well-appointed with generous bench space and storage, while the bathrooms are modern and functional. Heating options - including the log burner (a consistent favourite with tenants) - ensure warmth through the cooler months. Off-street parking is a significant advantage, as securing it in university-adjacent areas is increasingly difficult, further strengthening tenant demand. With the current owner exiting the student investment sector, this property offers rare alignment: strong net income, excellent long-term capital growth, and demand driven by two expanding universities.