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Back 31/17 Bunyan Street
Off Market

31/17 Bunyan Street

Waltham Canterbury

3
3
2
96 m²
Townhouse
Last sold for $495,000
Amar GhumanAmar Ghuman, last sold this property on 23 July 2026 after 35 days on market.

Overview

Cash Cow: 8%+ Yield & 3 Ensuites

Properties that combine strong cash flow, low maintenance, and a proven rental setup are becoming increasingly difficult to secure. This 2017 built townhouse delivers all three, offering a potential gross yield of 8%+ based on previous rental performance. For investors seeking strong returns in a city-fringe location, opportunities like this are becoming increasingly rare. Designed for maximum functionality, the layout offers three bedrooms, each paired with its own bathroom, creating a level of privacy rarely found in comparable properties. This configuration has proven highly effective for room-by-room rentals, helping maximise occupancy appeal and rental performance. The open-plan kitchen, dining, and living area provides a practical and modern space, flowing effortlessly to a private outdoor area. Built in 2016, the property benefits from contemporary construction standards, double glazing, and a low-maintenance design that allows owners to focus on returns rather than ongoing upkeep. Key Features • Three bedrooms, each with its own bathroom and private balcony • Previously rented room-by-room for $870 per week. • Open-plan kitchen, dining and living area • Modern construction with low-maintenance appeal • Two dedicated car parks • Healthy Homes compliant • Secure gated complex • Body Corporate manages exterior maintenance Investment Highlights • Potential gross yield of 8%+ based on previous rental performance • Proven room-by-room rental configuration • Strong appeal to professionals, students, and city workers • Low-maintenance "set and forget" ownership • Modern build providing long-term peace of mind Location • Minutes from Christchurch CBD • Close to Te Kaha Stadium • Easy access to major transport routes • Park located nearby • Convenient connection to the Port Hills, cafés, restaurants, and city amenities Additional Information • Body Corporate Fees: $4,169.84 per annum (approximately $80 per week) including building insurance and long-term maintenance fund contributions • Floor Area: 96m2 • CV: $480,000 • LV:180,000 • IV:300,000 • Rates: $3,553.54 • Built: 2017 • School Zones: Waltham School, Hillview Christian School, Te Aratai College, Hagley College, Middleton Grange School, Christchurch Adventist School, Marian College • Legal description: Unit, Principal Unit 9 and Accessory Unit 17A, 38A Deposited Plan 500778 • Certificate of Title: 745800 To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/Bunyan31-17 Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.

Features

3 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
96 m² floor area
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Waltham over the last 12 months, the estimated median property value of 31/17 Bunyan Street is $664.5k.

Median value
$664.5k
Estimated value range
$495k - $690k
Median days on market
25
Estimated value trend
30%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Waltham. 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 31/17 Bunyan Street

2026
Sold
$495,000
23 Jul 2026 by Amar Ghuman, of Ray White Addington

Happy sellers in Waltham

81%
81% of sellers in Waltham reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 32 reviews in Waltham over the last 12 months.

Local market activity for 3 bedroom townhouses in Waltham

In the last 12 months, 7 three-bedroom townhouses similar to 31/17 Bunyan Street, have been sold.

This represents a 23% increase in three-bedroom townhouses sales when compared to the previous 12 months.

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