Back 61A Centennial Avenue
Off Market

61A Centennial Avenue

Riccarton Canterbury

5
1
4
374 sq.
House
Last sold for $725,000
Grace BruereGrace Bruere, last sold this property on 24 September 2025 after 22 days on market.

Overview

High Demand Student Rental

Auction Sale (unless sold prior) 12pm, Thu 25 Sept 2025 3 Deans Avenue, Christchurch 8011 This student rental offers five spacious bedrooms, a full-sized bathroom, an additional separate toilet, and generous off-street parking - designed to deliver comfort, convenience, and strong rental income. Currently leased under a 12-month fixed-term tenancy until November 2025, the property currently generates $800 per week, increasing to $925 per week from December 2025 under a new fixed-term tenancy already in place. Ideally located within walking distance or a short drive from the University of Canterbury and Westfield Mall, the property benefits from strong tenant demand, ensuring minimal vacancy and maximum return on investment. Five generously sized double bedrooms Current income of $800 per week, increasing to $925 in December 2025 until December 2026 374sqm (more or less) of freehold, RSDT zoned land Fully Healthy Homes Compliant One large bathroom plus an additional separate second toilet Ample off street parking for tenants The home has been meticulously maintained and thoughtfully upgraded over the years. Complete with a heat pump and extensive storage at both ends of the house. Offering a compelling combination of consistent rental returns and promising future capital growth, this property presents an exceptional opportunity for investors seeking reliable cashflow from day one. Our motivated vendor is eager to pursue new opportunities and is committed to concluding the sale on or before auction day. Don't miss your chance to secure a high-performing investment property in a sought-after location. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5528073

Features

5 bedrooms
1 bathroom
4 carspaces
374 sq. lot size
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 61A Centennial Avenue 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 61A Centennial Avenue

2025
Sold
$725,000
Auction Sale 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 61A Centennial Avenue, have been sold.

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

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