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Perfectly positioned just minutes from the University of Canterbury, this property at 12A Karo Place, Ilam is a ready-made investment opportunity with proven student rental appeal.

Set on a 539 sqm section, the property comprises:

• A three-bedroom, one-bathroom main dwelling with heat pump and functional layout.
• A two-bedroom, one-bathroom sleepout at the rear.
• A double freestanding garage plus off-street parking.

Currently assessed to achieve a market rental of around $1,000 per week, this property offers strong income potential and attractive net returns in a high-demand location.

The flat site, low-maintenance grounds, and cul-de-sac setting make it appealing for tenants, while its proximity to shops, transport, and the university ensures consistent occupancy.

With Christchurch's student rental market showing ongoing strength, this is a property that stacks up as a long-term investment.

At a glance:

• 5 bedrooms, 2 bathrooms across house + sleepout
• 539 sqm freehold section
• Double garage + off-street parking
• Prime Ilam location near University of Canterbury
• Estimated weekly rental: $1,000 per week

Don't miss this chance to secure a proven performer in one of Christchurch's most sought-after rental pockets.

Contact Tom Chamberlain - Harcourts Holmwood today for full details and viewing times.

Auction | Friday 10 October 2025 from 10:00am (unless sold prior), Holmwood Auction Rooms, 397 Ilam Road