21 Piko Crescent, Riccarton

High-yielding student rental in prime location

Enquiries over $899,000

This meticulously maintained residence offers a well-appointed layout with seven bedrooms, three bathrooms, and additional off-street parking, all designed to provide comfort, convenience, and strong rental income potential. The main house includes three double bedrooms, a modernized kitchen, and two bathrooms, while the separate sleepout features two bedrooms and a bathroom. Additionally, two standalone sleepouts offer further accommodation options.

Currently leased under a 12-month fixed-term tenancy through to November 2025, this property generates a consistent rental income of $1,295 per week. Ideally located, it is within walking distance or a short drive from the University of Canterbury, Westfield Mall, and Harrington Park.

• Seven bedrooms
• Three well-appointed bathrooms
• Current rental income of $1,295 per week
• 759sqm (more or less) of freehold land
• Close proximity to the University of Canterbury
• Ample off-street parking available for tenants

The property has been carefully upgraded, including fresh interior and exterior paint and modern fixtures throughout. It offers an appealing combination of reliable rental income and strong potential for future capital growth. With tenants secured until November 2025, you can enjoy immediate and dependable cashflow.

Don’t miss this exceptional opportunity to enhance your investment portfolio with a solid, high-yielding asset.