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The instructions are clear, our vendors say sell. Freshly renovated and ready to go, this property presents a compelling opportunity for investors looking to secure a well-positioned property close to Lincoln University. Offering generous accommodation, flexible living spaces, and an easy-care setup, it's well suited to a range of rental strategies.
Rental appraisals range from $720-$770 per week for the standard market, or $1,100-$1,200 per week for the student market. This equates to an estimated gross yield of approximately 4.8%-5.1% and 7.3%-8.0% respectively, based on the asking price of $779,000.
• Configured as five bedrooms, with the flexibility of a sixth to maximise accommodation capacity
• Two bathrooms helping comfortably accommodate multiple occupants
• Open-plan kitchen and dining, complemented by a separate living room for greater flexibility
• Separate laundry keeping shared living practical and organised
• Plenty of off-street parking providing space for multiple vehicles
Lincoln University is just minutes away, while supermarkets, cafés, schooling, and everyday amenities are all close by. Christchurch also remains within easy reach at around 30 minutes away. The combination of the property's generous accommodation, flexible layout, and proximity to the university creates a compelling opportunity for investors looking to maximise rental potential.
If you're looking to strengthen your investment portfolio, this is an opportunity worth exploring.
Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.*
