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Ideally positioned in one of Christchurch's strongest rental and growth areas, this five-bedroom property offers an exceptional opportunity for investors seeking solid returns and long-term growth. Get in early to secure your investment property before the rush builds later in the year when shortages become apparent.
Just a short walk to the University of Canterbury, Westfield Riccarton Mall, Upper Riccarton shopping precinct, public transport and medical centres, the location ticks every box for convenience and tenant demand in the future. If it's not students renting the home, then families are drawn to the area's top school zones, including Christchurch Boys' High, Christchurch Girls' High, and Riccarton High School.
Currently rented at $ 970 per week until the end of November 2026, and appraised to rent up to $1,050 per week for the next student year after that, the property offers a strong cash flow and yield. Zoned Medium Density Residential, it offers excellent flexibility for future redevelopment or intensification (subject to Council consent).
Key Highlights:
• 5 bedrooms - ideal for student accommodation or large families
• Well maintained home by owner of 25 years
• Healthy Homes Compliant
• Walking distance to University of Canterbury & Riccarton Mall & Upper Riccarton
• Top school zones and strong tenant demand
• Excellent transport links and local amenities nearby
With location, zoning, and yield all working in your favour, this is a standout opportunity in the heart of Riccarton.
For viewing outside of scheduled open homes, contact the agent to make these arrangements.
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.
