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Back 36 Wainui Street
Off Market

36 Wainui Street

Riccarton Canterbury

5
2
5
House
Last sold for $725,000
Grace BruereGrace Bruere, last sold this property on 24 September 2025 after 50 days on market.

Overview

Prime location - high yielding investment

Auction (unless sold prior) 12pm, Thu 28 Aug 2025 3 Deans Avenue, Chch Positioned in the heart of Riccarton, this five-bedroom, two-bathroom residence presents an outstanding investment opportunity or University home. Held as a long-term investment by the current owners, this has to be one of the best maintained student properties we have sold in years. This property can be purchased vacant, with a lease in place for the 2026 student year OR in its current configuration as a room-by-room rental, the decision is yours and the vendors are very flexible on settlement date. There is also the option to purchase the neighbouring property at 34 Wainui Street (see advertised), rented to students for $925 per week, enabling buyers to double their income potential with two high-performing investment properties in close proximity. Located within walking distance to the University of Canterbury and Westfield Mall, the property benefits from consistent demand among students and young professionals. Constructed in the 1940s and thoughtfully upgraded over the years, it meets the expectations of today’s tenants while retaining its original charm. Five spacious double bedrooms Two well-appointed bathrooms, each with shower and toilet Functional, tenant-friendly layout designed for comfort Generous off-street parking Immaculately maintained with quality upgrades throughout Zoned TC2 – Residential Suburban Density Transition Rental appraisal up to $1,050.00 per week Comfortably equipped with a heat pump, ceiling insulation and underfloor insulation Purchase Vacant OR tenanted Investment OR University home Extensive chattels list provided This is a smooth transitional opportunity offering immediate cash flow, capital growth potential, and security. Whether expanding your portfolio or looking for a home for your children while at university, this is a property that delivers on all fronts. Our motivated vendor is committed to selling, finalising the sale on or before auction day as part of a portfolio downsizing. Make sure you chat with us about all purchase options prior to the auction. You can either purchase one or both, either vacant possession or with tenancies in place. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5527851

Features

5 bedrooms
2 bathrooms
5 carspaces
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Riccarton over the last 12 months, the estimated median property value of 36 Wainui Street is $725k.

Median value
$725k
Estimated value range
$680.3k - $2.3m
Median days on market
27
Estimated value trend
-8%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Riccarton. 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 36 Wainui Street

2025
Sold
$725,000
Sold After Auction on 24 Sep 2025 by Grace Bruere, of Bayleys Christchurch (Whalan and Partners Ltd)

Happy sellers in Riccarton

81%
81% 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 56 reviews in Riccarton over the last 12 months.

Local market activity for 5 bedroom houses in Riccarton

In the last 12 months, 6 five-bedroom houses similar to 36 Wainui Street, have been sold.

This represents a 250% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Riccarton

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Narges Attia

Sellers who recommend Narges Attia have praised them for being clear communication, local expert, proactive, well-prepared, empathetic, friendly and supportive

  •   5   (63 reviews)
  •  5 Reviews in Riccarton
  •  3 Sales in Riccarton
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Michelle Fu

Sellers who recommend Michelle Fu have praised them for being local expert, clear communication, dedicated, supportive, responsive, well-prepared and hard-working

  •   5   (117 reviews)
  •  4 Reviews in Riccarton
  •  9 Sales in Riccarton
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Sean Innes

Sellers who recommend Sean Innes have praised them for being clear communication, local expert, friendly, supportive, hard-working, persistent and reliable

  •   4.9   (80 reviews)
  •  3 Reviews in Riccarton
  •  9 Sales in Riccarton
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Cass Shak

Cass Shak is a recommended agent for Riccarton.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (17 reviews)
  •  3 Reviews in Riccarton
  •  4 Sales in Riccarton
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