61A Centennial Avenue, Riccarton, Christchurch

High Demand Student Rental

Auction Sale (unless sold prior)
12pm, Thu 25 Sept 2025
3 Deans Avenue, Christchurch 8011

This well-appointed residence offers five spacious bedrooms, a full-sized bathroom, an additional separate toilet, and generous off-street parking - designed to deliver comfort, convenience, and strong rental income potential.

Currently leased under a 12-month fixed-term tenancy until November 2025, the property generates a steady rental income of $800 per week. This will increase to $925 per week from December 2025 under a new fixed-term tenancy already in place. Ideally located within walking distance or a short drive from the University of Canterbury and Westfield Mall, the property benefits from strong tenant demand, ensuring minimal vacancy and maximum return on investment.

• Five generously sized double bedrooms
• Current rental income of $800 per week, increasing to $925 in December 2025 until December 2026
• 374sqm (more or less) of freehold, RSDT zoned land
• Fully Healthy Homes Compliant
• Open-plan kitchen and living area
• One large bathroom plus an additional separate second toilet
• Five off-street parking spaces

The home has been meticulously maintained and thoughtfully upgraded over the years. Complete with a heat pump and extensive storage at both ends of the house. Offering a compelling combination of consistent rental returns and promising future capital growth, this property presents an exceptional opportunity for investors seeking reliable cashflow from day one.

Our motivated vendor is eager to pursue new opportunities and is committed to concluding the sale on or before auction day. Don't miss your chance to secure a high-performing investment property in a sought-after location.

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https://www.propertyfiles.co.nz/5528073