Description

A fantastic investment property in a prime location, offering steady, long-term rental income. Currently tenanted by reliable medical students generating $630 per week, this freehold townhouse provides both security and convenience. The property is Healthy Homes compliant and low-maintenance, making it a hassle-free investment.

The townhouse features 3 bedrooms, 3 bathrooms, one spacious living area, and one car park, with security-gated access for peace of mind. The residence association covers the insurance, reducing costs for the owner. Located inside the four avenues of Christchurch CBD, it is within walking distance to the city center and offers views of the new stadium. This property has high appeal for future tenants and Airbnb guests alike.

At an asking price of $619,000, this property offers an attractive 5.29% yield and comes with a CV of $655,000, giving the next owner the potential for an instant equity gain of $35,000. Whether you’re looking for a long-term rental or exploring short-term letting opportunities, this property is a great choice for consistent returns. Don’t miss out on this great opportunity!