Upper Riccarton
Christchurch City

ID#431087
Listed about 1 year ago
Agency Listing Number: S1796
$675,000
SOLD
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Property Details

Location:
Bedrooms
Bathrooms
Garages
Christchurch City
Canterbury Area
63N/A

Building
Land
Built In
N/A 859 m²
(9,243 sq.ft.)

Investment – Student Accommodation

Situated in this popular student rental area is this 4 bedroom house with 2 separate consented sleep outs each with bathroom, tea/coffee making facilities and separate power (presently rented individually).

With this year's University of Canterbury enrolments up 7% on 2017, and first year enrolments up 10%, demand for accommodation in the years ahead looks likely to increase with the UC expecting further growth in enrolments again this year. Here is your perfect opportunity to enter the student accommodation market and secure a good cash flow with future potential growth.

• 1 x 4 bedroom house with 2 showers and 2 toilets.
• 2 x consented sleep outs both with own bathroom
• 859m2 Residential Suburban & Section - TC1
• EQC and Insurance work completed*
• Insurance in place

Current rent - 4 Bedroom House - $560pw (Already tenanted for next year), Sleep out 1 - $210pw, Sleep out 2 - $200pw. Total rental - $970.00pw ($50,440 p.a)

Great investment with future potential growth for any investor to add to their portfolio.

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