Contact to view by appointment. Private full walk-through tour - https://www.youtube.com/watch?v=CmD7ElI_Hys
Positioned in ever-popular Ilam, 7 Parkstone Avenue presents a rare opportunity to secure a substantial, well-presented student investment offering immediate income and long-term certainty. Currently rented as six bedrooms at $1,340 per week, the property is held on a fixed tenancy through to November 2026 — making this an ideal addition to any portfolio, with the added benefit of potential owner use/accommodation from 2027.
With strong ongoing demand in this location, there is clear scope to enhance returns in the future, with indications a new rate of approximately $1,400 per week could be achievable at the next tenancy change.
Inside, the home delivers generous proportions and a practical layout for shared living, with modernised communal spaces and seamless indoor/outdoor flow to a large, sun-soaked deck. Set on a freehold 761m² (approx.) with around 230m² (approx. excluding external garage) of floor area, this is a big-boned investment in a proven rental hotspot — further strengthened by the University’s continued development across the road.
Investment Highlights
- Rented as 6 bedrooms – $1,340 per week
- Fixed tenancy until November 2026
- Future rental upside – circa $1,400 per week indicated
- Spacious communal living + modern kitchen/dining
- Quality kitchen with stone benchtop breakfast bar, dual ovens, double dishdrawers, plenty of storage and a gas hob
- Excellent outdoor entertaining with expansive deck
- Freehold land and substantial floor area
- Double garage with an auto door + off-street parking
- Scenic stream boundary
- TC1 land rating
- Three heat pumps, filtered water system, alarm system
- Two modern bathrooms (one with under-tile heating)
- Sizeable separate laundry
To download the property files, please copy and paste the link into your URL: https://www.propertyfiles.co.nz/property/928580003
*Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA and we have not been able to verify the accuracy of the same.
