15 Centennial Avenue, Riccarton, Christchurch

Potential for 6% Returns

Offers/Enquiries Over $715,000

Situated in one of the most sought-after locations just a short walk from the University of Canterbury, this exceptional property offers an outstanding investment opportunity. Comprising of 332sqm (more or less) of freehold land zoned Residential Suburban Density Transition, it presents both immediate income potential and significant long-term capital growth prospects.

The main residence features three generously sized double bedrooms, a well-appointed and functional kitchen, and a bright, inviting living space enhanced by a heat pump and log burner - perfect for comfort during cooler seasons. Complementing the main home is a fully double-glazed, contemporary sleepout, offering two additional double bedrooms, maximizing the rental yield potential.

•Tenanted for $925 per week from January 2026 until November 2026, ensuring a secure and steady income stream
•Totalling five double bedrooms and practical bathroom with separate toilet
•Off street parking available for tenants
•332sqm (more or less) of TC2, RSDT zoned land
•Proximity to the University of Canterbury drives strong and consistent demand from students

This is an unparalleled opportunity to acquire a high-yielding asset in a market where quality student accommodation is in constant demand. The property's proven rental performance, combined with its strategic location and zoning benefits, make it an attractive proposition for savvy investors looking to upgrade their portfolio with a reliable cash flow and robust capital appreciation.
The current owner is motivated to sell, with their next chapter already underway, providing an ideal window for investors to secure this premium offering.

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