Price by Negotiation

This high yield property sits on the edge of Ferrier park and is an amazing cash flow ready investment for its next owner to enjoy.

The house itself holds four bedrooms. The lounge and kitchen combine to give the tenants ample space to cohabit without getting in each others way. In the purpose-built sleepout, there are three bedrooms that all share the shower and separate toilet, the sleepout has full consent.

Currently, the property is full and the tenants pay a combined $1,240 per week. The tenants are all on individual tenancy agreements and the property is currently run as a room by room rental which produces the highest cash flow. A new owner could change this to a single tenancy with new tenants at the start of the student rental market in November, with similar properties achieving approx. $140 per room per week on a single lease totalling $980 per week.

The house is fully insured and has been fully repaired post-quake and the home is also healthy homes compliant.

Summary

• Seven bedrooms
• Two bathrooms
• Income $1,240 per week
• 809sqm of TC1 Suburban land
• Fully repaired and insured
• In the heart of Avonhead, near Avonhead Mall and Bush Inn

There is off-street parking for the tenants, however being on a quiet cul-de-sac, there are plenty of street parks.

To download the information pack copy and paste the below link into a new browser:

https://propertyinvestmentchristchurch.co.nz/31-balrudry-street