18A Renfrew Street, Upper Riccarton

Student investment

Negotiation over $890,000

IMPORTANT NOTICE: To attend the open home, participants over the age of 12 years must scan their vaccine pass on arrival.

With such strong cashflow and a great return of 6.5%+ this is an easy property to invest your money into. Fully tenanted at $1,160 per week on a single lease fixed until Nov 2022, this property has a proven track record as an eight-bedroom rental producing strong income since 2015.

Everything about this property comes in large proportions. A spacious kitchen is complemented by ample living and large outdoor spaces. The converted garage contains three bedrooms, the purpose-built fully consented sleepout has two bedrooms and two bathrooms, all the while the original 1950s home has three bedrooms, one bathroom, providing a total package of eight bedrooms with three bathrooms.

You could be looking at net cashflow from the very start, with the consistency of income as another requisite of student rental investment, there isn’t much you’re left wanting from this outstanding rental. The property has been fully repaired and is also insured. The owner has also confirmed that it is fully Healthy Homes compliant for the tenants. The dwelling sits on a rear section, backing onto an athletics track. This is all sited on 931sqm of TC1 Residential Suburban land.

Being a student rental in such excellent condition and well cared for by the current owner, combined with the proximity to Bush Inn shopping and the University of Canterbury, what more could you hope for?

– Single fixed term lease $1,160pw
– 931sqm of TC1 Residential Suburban land
– Fully repaired, insured and healthy homes compliant
– Proven investment rented this way since 2013

Our out-of-town vendor is ready to cash up his investment.