61A Centennial Avenue, Riccarton

This student rental offers five spacious bedrooms, a full-sized bathroom, an additional separate toilet, and generous off-street parking – designed to deliver comfort, convenience, and strong rental income. Currently leased under a 12-month fixed-term tenancy until November 2025, the property currently generates $800 per week, increasing to $925 per week from December 2025 under a new fixed-term tenancy already in place. Ideally located within walking distance or a short drive from the University of Canterbury and Westfield Mall, the property benefits from strong tenant demand, ensuring minimal vacancy and maximum return on investment.

• Five generously sized double bedrooms
• Current income of $800 per week, increasing to $925 in December 2025 until December 2026
• 374sqm (more or less) of freehold, RSDT zoned land
• Fully Healthy Homes Compliant
• One large bathroom plus an additional separate second toilet
• Ample off street parking for tenants

The home has been meticulously maintained and thoughtfully upgraded over the years. Complete with a heat pump and extensive storage at both ends of the house. Offering a compelling combination of consistent rental returns and promising future capital growth, this property presents an exceptional opportunity for investors seeking reliable cashflow from day one.

Our motivated vendor is eager to pursue new opportunities and is committed to concluding the sale on or before auction day. Don’t miss your chance to secure a high-performing investment property in a sought-after location.