Positioned in one of Christchurch's most sought-after and convenient suburbs, 2/16 Peverel Street presents an exciting opportunity for buyers seeking a low-maintenance home with genuine investment appeal.
Well-proportioned and easy to live in, this 2 bedroom residence offers practical living, complemented by a bathroom and secure garaging. Its established layout and manageable footprint make it an appealing choice for first-home buyers, downsizers and, importantly, investors looking for a property with strong rental appeal.
Location is a key advantage. With Riccarton's extensive amenities, shopping, public transport, schools and employment hubs all within easy reach, the property is exceptionally well placed to attract a broad and consistent tenant market.
For investors, the fundamentals are compelling. The property has an established rental history, having previously achieved $495 per week, while comparable two-bedroom properties throughout Riccarton continue to demonstrate solid rental demand.
Whether you're looking to secure your first home, add a dependable asset to your portfolio or make a smart move into a tightly held central suburb, 2/16 Peverel Street offers the combination of location, practicality and long-term potential that savvy buyers will appreciate.
A proven location. A practical home. An opportunity worth considering.
DEADLINE: Wednesday 11th November 2026, 4:00PM (unless sold prior)
KEY DETAILS:
Floor Area: 98sqm
Land Area: 1/4 Share in 1011sqm
CV: $590,000
LV: $325,000
IV: $265,000
Built: 1995
Insured: Gallagher & Co, Policy #221-ON1N0, Insured for: $405,162.00
School Zones: Wharenui School, St Teresa's School, Kahikatea Kirkwood Intermediate, Hagley College, Christchurch Boy's High School, Christchurch Girl's High School
Legal Description: FLAT 2 DP 56934 ON LOT 49 DP 552
Certificate of Title: CB33F/867
PROPERTY DOCUMENTATION
https://www.najibrealestate.co.nz/216-Peverel-Street-Riccarton-2
*The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.
