78 Wainui Street, Riccarton, Christchurch

Investment opportunity at entry level pricing

Auction  (unless sold prior)
12pm, Thu 27 March 2025
3 Deans Avenue, Christchurch 8011

This exceptional property presents a significant opportunity for generating substantial rental income with minimal effort. Ideally located just a short walk or drive from the University of Canterbury, it comprises two single-level dwellings. The main residence, built in the 1930s, includes three bedrooms, an office, a modernized kitchen, and a sun-filled living area equipped with a heat pump for comfort during the cooler months. Adjacent to the main house, the sleepout offers additional accommodation space.

• Main house comprising of three bedrooms, an office and one bathroom
• Sleepout on site
• Zoned for Residential Suburban Density Transition
• Currently leased at $680 per week until November 2025
• Fully compliant with Healthy Homes standards
• Zoned for CBHS, CGHS and Riccarton High
• Prime location close to the University of Canterbury

Situated near Westfield Mall and the University of Canterbury, this property is well-positioned to attract a diverse range of tenants. Its proximity to essential amenities and prestigious educational institutions ensures a steady demand for rental accommodation, minimizing vacancy periods and maximizing rental income.

The current owner is exiting the residential investment market, offering a rare opportunity to acquire a valuable asset in Upper Riccarton with strong future growth potential. Don't miss the chance to secure this promising investment on or before auction day.

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