265 Cranford Street, St Albans, Canterbury

SoldMar 20, 2025

265 Cranford Street, St Albans, Canterbury

Amount undisclosed

180 m²

617 m²

House

•

30+ days on the market

Sold: Mar 20, 2025

What's around 265 Cranford Street

"As is Where is" High Return Rental!

With the market set to take advantage of the lower interest rates this is a dream cash cow with two separate rental properties on one site creating a very high and profitable return situation for the new owner. You would be correct they are being sold in an 'as is where is' state however the owners have spent what was needed to create cosmetic serenity for the tenants with a nice interior finish throughout both properties and healthy home standards adhered to. Current rental returns have been ongoing at $910 pw between the two homes with good quality tenants making it a joy to own for our owners (managed by Warwick Todd). Front house is three generous double bedrooms, large bathroom and spacious living and kitchen dining and two off street car parking. The rear house offers large master bedroom with ensuite, spacious open plan living with full kitchen and large two car garaging and private outdoor living areas. The floor levels are not horrible either and are hard to notice anything out of order unless you are looking for it. (floor level survey available upon request). This location is a main stay of good quality business tenants and always sought after with its proximity to services and easy access to the city centre. Expectations here are very reasonable and offer you an opportunity to see excess capital flow for other investment ideas. Remediation would also be a straightforward path to capital growth as well. The property lends itself to an easy fix scenario. This is a genuine sale of a long-term investment for our owners who have decided to capitalise out for retirement purposes and their move is your gain in this opportunistic situation. Make haste on this as it is just what you have been searching for. Parking for the open homes is via Knowles Street for convenience purposes and is only three houses away from the corner. Please copy this url to download the Auction Pack - https://vltre.co/l1xgcL Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer

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Seller's review

about 1 year ago

Verified Review

An experienced and dedicated agent!

Peter is a very experienced professional who puts his all into supporting his clients. He updates us, responds promptly and provides accurate and helpful advice. This is the third house sale he has resolved for us.

Annabel Taylor

Seller