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42 Newnham Terrace

Upper Riccarton Canterbury

6
6
4
256 m²
420 m²
House
Currently for sale - view listing

Overview

Prime Location for Unmatched Returns

Strategically positioned within walking distance of the University of Canterbury, 42 Newnham Terrace is a purpose-built, post-quake rental powerhouse. Designed to maximize both comfort and profitability, this high-yielding property is an ideal addition to any investment portfolio. Modern Design & Functional Excellence Contemporary cedar-clad exterior, offering both durability and aesthetic appeal. Thoughtfully designed layout catering to tenant needs, ensuring high demand and strong occupancy rates. Versatile & High-Yielding Accommodation Generating approximately $2800 weekly rental income. Featuring nice fully furnished ensuite bedrooms, each equipped with a bed, desk, and mini fridge-providing privacy and convenience for tenants. Expansive shared spaces, including a well-equipped modern kitchen, an open-plan dining and living area, dedicated storage, and a separate laundry room. Private, sun-filled backyard offering a relaxing retreat for residents. Exceptional Investment Performance Consistently achieving occupancy rates of 95%+, ensuring steady rental income. Ideal for investors seeking a high-performing, low-maintenance property with strong returns. Unbeatable Convenience & Connectivity Just minutes from Bush Inn Shopping Centre, cafes, supermarkets, and key transport links. Four dedicated off-street parking spaces, with additional nearby street parking available. Perfectly positioned in one of Christchurch's most sought-after rental locations. 42 Newnham Terrace offers a seamless combination of modern design, high tenant appeal, and strong financial returns. Whether you're looking to expand your portfolio or secure a robust income-generating asset, this property stands as a premier investment in Christchurch's thriving rental market. Don't miss out-contact us today to arrange a viewing and secure this prime investment! Work-in availability is considered on a case-by-case basis. Please reach out to discuss further.

Features

6 bedrooms
6 bathrooms
4 carspaces
4 open car spaces
256 m² floor area
420 m² lot size
House

Happy sellers in Upper Riccarton

79%
79% of sellers in Upper Riccarton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 34 reviews in Upper Riccarton over the last 12 months.

Local market activity for 6 bedroom houses in Upper Riccarton

In the last 12 months, 5 six-bedroom houses similar to 42 Newnham Terrace, have been sold.

This represents a 150% decrease in six-bedroom houses sales when compared to the previous 12 months.

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