Back 57 Rountree Street
Off Market

57 Rountree Street

Upper Riccarton Canterbury

4
2
822 m²
House
Sean InnesSean Innes, last sold this property on 04 July 2025 after 36 days on market.

Overview

This property is now SOLD. With University of Canterbury having secured its position as one of New Zealand's best tertiary institutions, it makes sense to take advantage of this rise and secure a prime rental investment property within 500 meters from the campus. This location will ensure strong demand for tenants into the future as the convenience it provides will prove its value. Underpinned by the University, the close proximity of the Upper Riccarton / Bush Inn shopping precincts, with the supermarkets, shops and restaurants, will keep this property as a sought-after place to live for tenants now and into the future. Currently bringing in $2,240 per week in revenue, this property, consisting of two houses, is certainly a stand-out in this respect. With some tenants still paying rent levels back from 2022 & 2023, there is definitely room to grow these rental returns and the value of this asset. This shows the tenants enjoy the environment so much they like to stay. Tenants are made up of students as well

Features

4 bathrooms
2 carspaces
2 garage spaces
822 m² lot size
House

Estimated Value

Based on this property and similar houses sold in Upper Riccarton over the last 12 months, the estimated median property value of 57 Rountree Street is $725k.

Median value
$725k
Estimated value range
$450k - $1.52m
Median days on market
27
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Upper 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 57 Rountree Street

2025
Sold
Undisclosed
04 Jul 2025 by Sean Innes, of Harcourts Riccarton (Grenadier Real Estate Ltd)

Happy sellers in Upper Riccarton

78%
78% 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 28 reviews in Upper Riccarton over the last 12 months.

Local market activity for houses in Upper Riccarton

In the last 12 months, 44 houses similar to 57 Rountree Street, have been sold.

This represents a 66% decrease in houses sales when compared to the previous 12 months.

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