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Back 7 Parkstone Avenue
Off Market

7 Parkstone Avenue

Ilam Canterbury

6
2
5
230 m²
761 m²
House
Last sold for $1,265,000
Thomas KnightThomas Knight, last sold this property on 22 March 2026 after 25 days on market.

Overview

High-Quality Student Investment

Contact to view by appointment. Private full walk-through tour - https://www.youtube.com/watch?v=CmD7ElI_Hys Positioned in ever-popular Ilam, 7 Parkstone Avenue presents a rare opportunity to secure a substantial, well-presented student investment offering immediate income and long-term certainty. Currently rented as six bedrooms at $1,340 per week, the property is held on a fixed tenancy through to November 2026 — making this an ideal addition to any portfolio, with the added benefit of potential owner use/accommodation from 2027. With strong ongoing demand in this location, there is clear scope to enhance returns in the future, with indications a new rate of approximately $1,400 per week could be achievable at the next tenancy change. Inside, the home delivers generous proportions and a practical layout for shared living, with modernised communal spaces and seamless indoor/outdoor flow to a large, sun-soaked deck. Set on a freehold 761m² (approx.) with around 230m² (approx. excluding external garage) of floor area, this is a big-boned investment in a proven rental hotspot — further strengthened by the University's continued development across the road. Investment Highlights - Rented as 6 bedrooms – $1,340 per week - Fixed tenancy until November 2026 - Future rental upside – circa $1,400 per week indicated - Spacious communal living + modern kitchen/dining - Quality kitchen with stone benchtop breakfast bar, dual ovens, double dishdrawers, plenty of storage and a gas hob - Excellent outdoor entertaining with expansive deck - Freehold land and substantial floor area - Double garage with an auto door + off-street parking - Scenic stream boundary - TC1 land rating - Three heat pumps, filtered water system, alarm system - Two modern bathrooms (one with under-tile heating) - Sizeable separate laundry To download the property files, please copy and paste the link into your URL: https://www.propertyfiles.co.nz/property/928580003 *Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA and we have not been able to verify the accuracy of the same.

Features

6 bedrooms
2 bathrooms
5 carspaces
3 open car spaces
2 garage spaces
230 m² floor area
761 m² lot size
House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Ilam over the last 12 months, the estimated median property value of 7 Parkstone Avenue is $1.24m.

Median value
$1.24m
Estimated value range
$940k - $2.1m
Median days on market
20
Estimated value trend
-8%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ilam. 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 7 Parkstone Avenue

2026
Sold
$1,265,000
22 Mar 2026 by Thomas Knight, of Whittle Knight
2023
Sold
Undisclosed
10 Aug 2023 by Sandra O'Brien, of Harcourts Gold Papanui

Happy sellers in Ilam

89%
89% of sellers in Ilam reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 69 reviews in Ilam over the last 12 months.

Local market activity for 6 bedroom houses in Ilam

In the last 12 months, 11 six-bedroom houses similar to 7 Parkstone Avenue, have been sold.

This represents a 450% decrease in six-bedroom houses sales when compared to the previous 12 months.

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