Auction sale (unless sold prior)
11am, Thu 5 Nov 2026
3 Deans Avenue, Christchurch
Seeking a lucrative investment offering exceptional returns and a prime location? Featuring five bedrooms and two full-sized bathrooms. This residence is purpose-built to provide comfort, convenience, and a robust rental income.
Currently leased at $970 per week until November 2026, with an increase to $995 on a fixed term tenancy from December 2026 - January 2028 secured. Located just a short walk from the University of Canterbury, this property consistently attracted a steady stream of high-quality student tenants.
• Five double bedrooms
• Two spacious bathrooms, each with a shower and toilet
• Rental income of $970 per week until Nov 2026, increasing to $995 from Dec 2026 - Jan 2028
• 296sqm (more or less) of freehold, TC2, High Density Residential zoned land
• Walking distance to the University of Canterbury
• Five generous off-street car parks
Constructed in the early 2000s and recently upgraded to meet modern tenants' preferences, this investment property has been well maintained over the years. The most recent upgrades include an interior paint refresh, new carpet in the lounge and on the stairs and new curtains.
This property offers a compelling combination of reliable rental income and significant potential for future capital growth. With existing tenants providing immediate cash flow and a sense of security, this opportunity is not to be missed.
Our motivated vendor is eager to exit the rental market and is keen to finalise the sale on or before auction day. Secure this outstanding investment today and enjoy the benefits of a sound and profitable addition to your portfolio.
To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5531946
