53 Acacia Avenue

Upper Riccarton Canterbury

688 m²

House

Currently for sale - view listing

Overview

Invest with confidence in prime location

Auction (unless sold prior) 11am, Thu 13 Aug 2026 3 Deans Ave, Chch Positioned on a 688sqm (more or less) TC1 Medium Density Residential-zoned land, the property enjoys a prime location within walking distance to the University of Canterbury and Bush Inn, making it ideally suited for student accommodation. Currently returning $1,480 per week on a fixed tenancy through to January 2027, it offers immediate income with excellent long-term investment potential. •688sqm (more or less) of TC1, Medium Density Residential zoned land •Walking distance to the University of Canterbury •Generating a rental income of $1,480 per week on a fixed term tenancy until January 2027 •Rental appraisals indicating up to $1,600 per week •Generous off-street parking •8 large bedrooms, 2 bathrooms •Resource consent in place for the 8 bedrooms Delivering a strong and reliable rental return, this property presents an outstanding opportunity for investors seeking a high-performing addition to their portfolio. Character timber flooring flows throughout the main living areas, seamlessly connecting the spacious lounge and dining room. The updated kitchen is both practical and well-appointed, offering ample storage and functionality for everyday living. The home comprises five generous double bedrooms serviced by two bathrooms, while a purpose-built sleepout provides a further three double bedrooms, creating a total of eight bedrooms. Original rimu detailing in the main dwelling add warmth and timeless character, complementing the home's modern improvements. Offering peace of mind, the property has a full EQC scope with all repairs completed by a previous owner. It is fully insured and benefits from resource consent for all eight bedrooms. Further enhancements completed by the current owners include extensive re-gibbing, underfloor insulation, new guttering, a low-maintenance section, and ample off-street parking. The owners are committed to selling and are highly motivated to achieve a sale on or before auction day. To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530744