Auction sale (unless sold prior)
11am, 5th November 2026
3 Deans Avenue, Christchurch
Seeking a lucrative investment offering exceptional returns and a prime location? Featuring five bedrooms and two full-sized bathrooms. This residence is purpose-built to provide comfort, convenience, and a robust rental income.
Currently leased on a 12-month fixed term tenancy until 15th November 2026, this property generates a steady income of $970 per week, with potential to increase further come November. Located just a short walk from the University of Canterbury, this property consistently attracted a steady stream of high-quality student tenants.
- Five double bedrooms
- Two spacious bathrooms, each with a shower and toilet
- Current rental income of $970 per week, with potential to increase come November 2026
- 296sqm (more or less) of freehold, TC2, High Density Residential zoned land
- Walking distance to the University of Canterbury
- Open-plan kitchen and living area
- Five generous off-street car parks
- Rental appraisals showing up to $1,150 per week
Constructed in the early 2000s and recently upgraded to meet modern tenants' preferences, this property has been well maintained over the years. The most recent upgrades include an interior paint refresh, new carpet in the lounge and on the stairs and new curtains.
This property offers a compelling combination of reliable rental income and significant potential for future capital growth. With existing tenants providing immediate cash flow and a sense of security, this opportunity is not to be missed.
Our motivated vendor is eager to exit the rental market and is keen to finalise the sale on or before auction day. Secure this outstanding investment today and enjoy the benefits of a sound and profitable addition to your portfolio.
Please contact agents for private viewings outside of open home times as the property is currently tenanted.
To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5531946
