Auction (unless sold prior)
10am, Sat 21 Feb 2026
3 Deans Avenue, Christchurch 8011
Located in the highly sought-after rental suburb of Ilam, this dual-income investment property presents an outstanding opportunity for switched-on investors. The property comprises two dwellings, each with six bedrooms, delivering strong, reliable rental returns with significant potential for future growth. Well suited to a buy-and-hold strategy, it also offers long-term subdivision and redevelopment potential.
Situated on an 809sqm (more or less) freehold site, the property is zoned TC2, Medium Density Residential, further enhancing its development appeal. Fully tenanted with fixed-term leases in place until 31st January 2027, the property generates a combined rental income of $2,550 per week, equating to $132,600 per annum, ensuring immediate and consistent cash flow from day one.
•Two dwellings, each with six bedrooms
•Total rental income of $2,550 per week across two fixed-term tenancies until early 2027
•Generous off-street parking
•Prime location within walking distance of the University of Canterbury
•809sqm (more or less) freehold title
•TC2, Medium Density Residential zoning
•Additional sleepout/storage room on site
•Fully tenanted for a seamless transition to new ownership
Conveniently positioned close to the University of Canterbury, Jellie Park, and Westfield Mall, the property is highly attractive to university students and young professionals alike. The combination of strong holding income, future development potential, and a premium location makes this an exceptional opportunity for long-term land bankers or savvy investors.
Our owners have provided clear instructions—this property must be sold on or before auction day.
To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5529497
