Listed: Thu, 26 Mar

Only one available - Purpose-built student rental

2/54 Division Street, Riccarton, Christchurch City, Canterbury

Enquiries over $739,000

4 Beds
2 Baths
1 Living area

Attribute	Value
Property type	Townhouse
Agency reference	5530099

Priced $739,000

An exceptional opportunity for savvy investors, this brand-new, purpose-built townhouse is fully complete with tenants already moved in, delivering immediate rental income from day one.

Constructed and designed with both longevity and tenant comfort in mind, this townhouse features four spacious bedrooms with built-in wardrobes and two modern bathrooms, including a private ensuite, ensuring strong appeal to the modern student rental market.

Guaranteed rental income - $880 per week, tenanted until January 2027
Four bedrooms, all with built-in wardrobes
Two modern bathrooms
Freehold title to be issued
Fully Healthy Homes compliant
Double glazing and heat pump for year-round comfort
Tenants already in place - immediate cash flow
Walking distance to the University of Canterbury
High tenant demand in a proven rental location

With a fixed-term lease secured through January 2027, the new owner can enjoy stable, hands-off income from settlement. Located just a short walk from the University of Canterbury, this property is perfectly positioned to deliver reliable returns with minimal vacancy.

Our vendors have already committed to their next project and are highly motivated to sell. Don't miss this rare opportunity to secure a high-yield, low-maintenance investment with income from day one in one of Christchurch's most consistent student rental locations.

To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/940550003

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Property Files

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Local Schools

IN ZONE wharenui school
Matipo Street
433 m
Full Primary (Primary & Intermediate), State, 456 enrolled
IN ZONE christchurch boys' high school
71 Straven Road
907 m
Secondary (Year 9-13) (Secondary), State, 1420 enrolled
IN ZONE kahikatea kirkwood intermediate
260 Riccarton Road
1.2 km
Intermediate (Intermediate), State, 258 enrolled

IN ZONE christchurch girls' high school -te kura o hine waiora
10 Matai Street
1.4 km
Secondary (Year 9-13) (Secondary), State, 1306 enrolled
IN ZONE middleton grange school
30 Acacia Avenue
1.9 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 1376 enrolled
IN ZONE te puna wai o waipapa - hagley college
510 Hagley Avenue
2 km
Secondary (Year 9-13) (Secondary), State, 2120 enrolled
IN ZONE villa maria college
21 Peer Street
2.6 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 824 enrolled
IN ZONE riccarton high school
31 Vicki Street
2.7 km
Secondary (Year 9-13) (Secondary), State, 1130 enrolled
IN ZONE st thomas of canterbury college
69 Middlepark Road
3.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 703 enrolled
IN ZONE christchurch adventist school
15 Grants Road
3.9 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 266 enrolled
UNZONED st teresa's school (riccarton)
10 Puriri Street
688 m
Full Primary (Primary & Intermediate), State : Integrated, 168 enrolled
UNZONED medbury preparatory school
109 Clyde Road
1.5 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 395 enrolled
OUT OF ZONE ilam school
66 Ilam Road
1.8 km
Contributing (Primary), State, 400 enrolled
OUT OF ZONE sacred heart school (christchurch)
40 Spencer Street
1.8 km
Full Primary (Primary & Intermediate), State : Integrated, 180 enrolled
OUT OF ZONE tūora fendalton school
168 Clyde Road
1.9 km
Contributing (Primary), State, 417 enrolled
UNZONED rangi ruru girls' school
59 Hewitts Road
2.2 km
Secondary (Year 7-13) (Intermediate & Secondary), Private : Fully Registered, 701 enrolled
UNZONED christ's college
33 Rolleston Avenue
2.3 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 730 enrolled
UNZONED st margaret's college
12 Winchester Street
2.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 847 enrolled
OUT OF ZONE hillmorton high school
Tankerville Road
2.8 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 1404 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.