65 Parkstone Avenue, Ilam, Christchurch

University Investment Excellence

Auction
From 12pm, Thu 12 Mar 2026
(unless sold prior)
3 Deans Ave, Chch

Designed for outstanding yield and positioned for demand, this property achieved $1,800 per week in 2025 and now, following a comprehensive renovation, presents a student investment opportunity like no other, with clear scope to increase returns.

The layout is intelligently arranged, offering seven well-sized bedrooms with built-in wardrobes, plus a separate study that comfortably operates as an eighth bedroom. Accommodation is supported by two bathrooms with two separate toilets, providing practical separation and ease of living for larger groups.

Just a 5-minute walk from the University of Canterbury, the address sits in the heart of a proven rental precinct, underpinned by rapidly growing student numbers and limited housing supply, placing investors directly in the path of consistently rising demand.

Renovations run end to end, covering all bathrooms, the kitchen, laundry, a new roof, a new hot water cylinder, and fresh interior and exterior paint, bringing the property fully in line with today's expectations for high-performing student accommodation.

Communal areas are scaled to match, with an expansive open-plan living and dining area, a kitchen with breakfast bar and brand-new appliances, a generous laundry area, complemented by ample off-street parking with capacity for five vehicles.

Healthy Homes compliance is complete, supported by dual heat pumps, ceiling and underfloor insulation, and council consent for the additional bedrooms, ensuring long-term reliability and ease of ownership.

Landscaped grounds give the property a tidy, well-presented profile, while the stream boundary adds further appeal for tenant retention.

Fully upgraded and well-established as a consistent, year-on-year high-yielding rental, this is a standout Ilam investment, strengthened by proximity to Bush Inn and Church Corner and clear headroom to increase cashflow in Canterbury's most competitive student catchment.

With the owner based overseas, this property is positioned to sell.

Please contact Adam Heazlewood and Jessica Phibbs for more information.

Find out more about us at www.ahteam.co.nz.

To download the information pack for this property, please copy the below link into your web browser: http://www.propertyfiles.co.nz/property/5529597