1-3/54 Division Street, Riccarton

Purpose Built Student Rentals

Priced – $820,000
3 Townhouses Available
Estimated Completion: January 2026

An exceptional opportunity for savvy investors – these brand-new, purpose-built townhouses are under construction and designed with both longevity and tenant comfort in mind. Each unit features four spacious bedrooms, each with built-in wardrobes and two modern bathrooms, including a private ensuite ensuring strong appeal to the modern rental market.

• Rental appraisals showing up to $880 per week
• Four bedrooms, all with built-in wardrobes
• Freehold title – no body corporate fees
• Modern finishes and brand-new appliances throughout
• Equipped with full double glazing and heat pump
• Walking distance to the University of Canterbury
• Tenanted at $880 per week on a 12-month fixed term tenancy from January 2026

With tenancies locked in at $880 per week on a 12-month fixed term tenancy from January 2026, these townhouses present great value to secure strong and consistent rental returns. Located just a short walk from the University of Canterbury, these properties are ideally positioned to deliver reliable returns with minimal vacancy.

These units are designed to meet Healthy Homes Standards and deliver strong long-term performance. With construction well underway and completion due in December 2025, you can align settlement with lease commencement – generating immediate rental income from day one.

Unit 1: $820,000 – Available

Unit 2: $820,000 – Available

Unit 3: $820,000 – Available

Our vendors have already committed to their next project and are motivated to sell. Don’t miss this rare chance to secure a high-yield, hands-off investment in a prime location. Today’s price, tomorrow’s income – secure your investment before construction is complete.

Please note: Images are artist impressions only; layouts may vary for each townhouse.