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Looking for a smart investment with rental income already in place. Currently rented at $620 per week, this property offers an attractive 5.21% gross rental yield based on the asking price of $619,000. With tenants already in place, this is an excellent opportunity for both first-time investors and those looking to expand their property portfolio.
This well-positioned property offers three bedrooms, two bathrooms and approximately 139m² of floor area, providing comfortable and practical living. Several improvements have been completed over the years, adding to its overall appeal. With a functional layout and established residential setting, the property offers a great combination of space, convenience and investment potential.
Situated in the popular suburb of Hillmorton, the property enjoys convenient access to Barrington Mall, supermarkets, cafés, restaurants, local schools, parks and recreational facilities. Hillmorton Hospital is nearby, while Christchurch Hospital, Addington, Riccarton and Christchurch CBD are all easily accessible. Excellent connections to major transport routes make this a convenient location for everyday living.
Priced at just $619,000, this income-producing property combines an attractive rental return, existing tenants and may be looking for long-term. Whether you're starting your investment journey or adding to your portfolio, this is an opportunity worth exploring. The vendors are ready to meet the market - contact us today to arrange a viewing!
